DEVELOPMENT & INVESTMENT POLICY OF THE GOVERNMENT Chairman, National Development Agency B.Bayarsaikhan
Happiness index MONGOLIA: CURRENT SITUATION Doing business 62 (190) Environmental index 136 (140) Human development index 92 (188) Competitiveness index by International indexes 111 (140) 102 (138) Quality of Life 107 (192)
15% 5.1% FREIGHT TURNOVER HAS INCREASED GDP GROWTH TRADE BALANCE 1.8 TIMES BILLION USD BUDGET DEFICIT DECREASED TWO TIMES VS. PREVIOUS YEAR 3 BILLION USD 2.5 54% 2 DOMESTIC TRILLION TUGRIKS FDI GROWTH CURRENCY RATE STABILIZED AND INCREASED INCREASING SAVINGS
There are strong positive signs of economic recovery, but
Still need to decrease nation s debt and create continuous development of the economy
? ABSENCE OF CONSISTENT DEVELOPMENT POLICY ABSENCE OF COHERENCY & POLICY UNITY ECONOMIC DEPRESSION! LACK OF RESPONSIBILITY
Sustainable development goals, Vision of Mongolia for sustainable development-2030, 3 Pillars Development policy Approved by the General Assembly of UN in September of 2015 Approved by the Parliament of Mongolia in Feb 2015 Approved by the Government of Mongolia in Feb 2018 Economy Vision SD2030 Society 3 Pillar Development Policy Governa nce Environ ment
STRATEGIC MAP OF THE THREE - PILLAR DEVELOPMENT POLICY The purpose of the policy is to strengthen the justice, discipline, responsibility and stability of the government system, to improve economic sovereignty through integrated national policy and to increase the quality of life of our people. Three-pillar policy with goals INTEGRATED POLICY & ONE NATION goals are: 1. ECONOMIC REFORM 2. GOVERNMENT REFORM 3. SOCIAL POLICY REFORM
THREE - PILLAR DEVELOPMENT POLICY IMPLEMETATION STRATEGY /by targets/ MACRO ECONOMIC STABILIZATION 1. Create a comprehensive policy planning system 2. Policy reform in the financial sector 3. Use the principles of the PPP in implementing the mega projects 4. Increase the volume of exports through economic integration with neighboring countries 5. Enter the strategic deposits to economic circulation and to continue to increase the assets of the foreign currency reserves 6. Establish the Future Heritage Fund and the Wealth Fund, and to invest in non-mining sectors ECONOMIC DIVERSIFICATION 1. Food, agriculture and tourism 2. Start the Industry 4 Program 3. Intensify the establishment of agriculture clusters of the local level to increase income and create jobs for cooperatives and herders 4. Prioritize the establishment of the centralized mining logistics centers and commodity exchange 5. Renew the investment policy and legal environment 6. Develop mining clusters 7. Privatization of the state-owned companies through the Mongolian Stock Exchange REGIONAL ECONOMIC DEVELOPMENT 1. Improve quality of life and create jobs in rural areas through the implementation of the New rural area project 2. Develop and Implement the regional development policy 3. Improve the efficiency of the public investment in accordance with the local development index 4. Establish agricultural cluster network at 4 priority locations to improve the business environment in the rural areas 5. Support trade network of enterprises and cooperatives and establish state trade complexes
PUBLIC INVESTMENT PROGRAM 2018-2021 WITHIN THE FRAMEWORK OF THREE PILLAR DEVELOPMENT POLICY 115 projects 11.6 billion HUMAN, SOCIETY & ENVIRONMENT GOVERNANCE MULTIPILLAR ECONOMIC POLICY 22 projects 574 Million 16 projects 400 Million 77 projects 10.7 billion
THE PUBLIC INVESTMENT PROGRAM 2018-2021 Investment seeking 11 projects 2.2 billion State budget 11 projects 330 million Private Sector 11 projects 1.9 billion Concession Agreement 13 projects 3.7 billion 43 NUMBER OF PROJECTS AND SOURCE OF FUNDING 11.6 Mixed funding 10 projects 641 million Foreign Loan, Aid 59 projects 2.8 billion
PUBLIC INVESTMENT PROGRAM 2018-2021 Ulaanbaatar city 10 projects 516 million Energy sector 15 projects 2.3 billion Construction and Urban development sector 15 projects 926.7 million Education, culture, science and sports sector 10 projects 325.4 million Health sector 5 projects 122.8 million NUMBER OF PROJECTS & FUNDING by sectors Road and transportation sector 20 projects 4.0 billion Mining and heavy industry sector 9 projects 2.5 billion Food, agriculture and light industry sector 6 projects 311 million Ministry of Finance of Mongolia 12 projects 321.8 million
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