Governor Lkhagvasuren receives the executive director of The World Bank Group mr. Il Young Park

The World Bank Executive Director for Asia and the Pacific Constituency Mr. Il Young Park and the Senior advisor to the Executive Director Ms. Sarah Short paid a courtesy visit on the 29th of May 2023.

Governor B.Lkhagvasuren, Chief Economist D.Gan-Ochir, Director General B.Bayardavaa of the Monetary Policy Department, Director General A.Enkhjin of the Reserve Management and Financial Markets Department, and Director G.Namuun of Foreign Relations and Protocol Unit have joined the meeting and exchanged their candid views on the current economic state of Mongolia, the obstacles it has surmounted, and the challenges ahead.

The Bank of Mongolia has set its sights on monitoring green financing against climate change, engaging assessors from external third-party evaluation organizations, and resolving infrastructure issues to foster tourism development in Mongolia. The parties also broached topics regarding the development of value-added supply chain, food security issues and energy independence, and the World Bank expressed its willingness to assist in these matters.