EBRD President visits Mongolia

By Svitlana  Pyrkalo

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The EBRD President, Sir Suma Chakrabarti, is visiting Mongolia on 20 March 2015. This is his second visit to the country at the helm of the European Bank for Reconstruction and Development and the first visit since the new government was formed in November 2014.
Sir Suma will meet President Elbegdorj, Prime Minister Saikhanbileg, the Governor of the Bank of Mongolia, top ministers, private sector entrepreneurs and bankers, representatives of international financial institutions and the diplomatic community.
The President will stress the importance of Mongolia and the whole of the Central Asian region to the EBRD. He will discuss ways to re-energise transition to a free market economy, and to boost reform and investment.
He will also use the opportunity to introduce to the authorities the recently appointed EBRD Managing Director for Turkey and Central Asia, Natalia Khanzhenkova, who will be based at an EBRD regional hub in Istanbul.
The EBRD President will also visit a client of the Bank – agribusiness company TESO – on the outskirts of Ulaanbaatar.
“We want to help boost growth in Mongolia. We look forward to working with the government on steps to improve the investment climate and the diversification of the economy. We would like to see Mongolia once more leading the world in economic growth, just as it did a few years ago,” said Sir Suma ahead of the visit.
The EBRD has so far invested over US$ 1.2 billion in Mongolia in various sectors of the economy. Central Asia as a whole has seen a growth of investment in recent years, reaching US$ 11.5 billion to date.
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