J. Erdenebat: Council to protect the interests of investors established
Summary: In AmCham Mongolia’s September Monthly Meeting, the Prime Minister of Mongolia J. Erdenebat met with Ambassadors from Canada, Great Britain and the United States of America; senior representatives from the IFC, ADB, World Bank, and IMF; AmCham members; and heads of the other foreign business groups to discuss the Mongolian economic situation and ways to improve the business environment. The Prime Minister was invited to discuss the Government’s Action Plan and ways to regain investors’ trust in Mongolia. The Prime Minister, J. Erdenebat stated that, “ First and foremost, the macroeconomic environment has to be stabilized in order to successfully implement our Action Plan. We will implement clear objectives to create a favorable environment for investors. One of the ways to help achieve our goal is creating a Council to protect the interest of investors.” The main goal of this council is to protect domestic and foreign investors from illegal requirements, harassment, and clear any misunderstanding between the Government and investors. Jay Liotta, Chairman of the Board of AmCham expressed his desire to cooperate with Government to improve the business environment. The members of AmCham expressed their wish to work with the Government to create real change in the economy. .
Keywords: prime minister