Private entities raise concern over business environment
2 долоо хоног, 4 өдөр өмнө
- Mongolian Economic Forum aimed to define sustainable economic development policy
Mongolian economic forum 2019 under the theme National Interest kicked off on october 30, at the Mongolian National Chamber of Commerce and Industry (MNCCI). The annual forum aimed to build consensus for defining sustainable economic development policies and addressing challenges key sectors of Mongolia are facing, among policymakers, the business community, academia, and civil society. This is the first economic forum held during the time that the 2020 State Budget is being discussed. President of MNCCI, Amartuvshin otgondavaa said in his opening speech “This year, the Mongolian economic forum is being organized by private sectors under the theme of National Interest. Although the economy is growing, poverty remains high and many social issues have not been resolved.”The forum was coorganized by nongovernmental organizations working to protects businesses and their interests, namely, MNCCI, Mongolian economic forum (Mef) Ngo, Mongolian Business Council, Ceo Club, without any government involvement. “Business owners gathered here to discuss what they are facing and to make recommendations to government and policymakers. Therefore, panelists of today’s forum do not have high positions, but just business owners who express their concerns on behalf of civil society,” highlighted one of the panelists According to the National Statistical office, only about 50 percent of the total registered 180,000 enterprises are currently operating.
Accountability mechanism plays a key role in improving the business environment
The World Bank’s survey on Doing Business has also shown that there is no improvement in Mongolia’s business environment. The country was ranked at 81st place out of 190 countries.Panelist of the discussion noted that since all the negative indicators of the business environment of Mongolia are related to irresponsibility, accountability mechanism at all levels plays a key role in improving the business environment of Mongolia. Also during the event, MNCCI, economic Policy and Competitiveness Research Center, Mongolian Business Council and Ceo Club established a memorandum of understanding to maintain active economic and business cooperation.