unctad.org | Investment Policy Review on Mongolia presented and steps to diversify from, capitalize on mining boom recommended: ""The Investment Policy Review provides very valuable insights and will help us improve the investment environment", said Mr. Norovyn Altankhuyag, Prime Minister of Mongolia, in a meeting with UNCTAD Secretary-General Supachai Panitchpakdi. "We have already taken steps to implement some of the recommendations of the IPR, including launching a brand for Mongolia's products and a revision of mining and tourism policy in line with the IPR. The Prime Minister also stressed that Mongolia is revising its investment legislation, and expressed interest in UNCTAD's assistance.
On his visit to Mongolia, Dr. Supachai also took part in a forum with over 100 participants from the Government, local and foreign businesses, civil society, and development agencies, at which the main findings and recommendations of the Investment Policy Review were presented.
"The treasure chest of geological wealth in Mongolia could be a blessing, but also a curse,"Dr. Supachai said. He also stressed that long-term coherent strategic planning is needed to cope with and manage such rapid economic growth as that expected in Mongolia."
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