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2025/08/08
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MEETING WITH ERNA SOLBERG, PRIME MINISTER OF THE KINGDOM OF NORWAY

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2020/01/28 7:58:25
MEETING WITH ERNA SOLBERG, PRIME MINISTER OF THE KINGDOM OF NORWAY

President of Mongolia Khaltmaagiin Battulga, who is paying a working visit to the Kingdom of Norway, had a breakfast meeting with Prime Minister Erna Solberg today.

Ms. Solberg welcomed President Battulga to Norway and remarked that the visit was an indication of the warm relations between the two countries and that there were interests to strengthen bilateral ties.

President Battulga expressed his confidence that bilateral cooperation will expand in the future and explained that his visit was essentially linked to the recent Constitutional Amendment in Mongolia.

According to the President, despite the declaration in the 1992 Constitution of Mongolia that natural resources are subject to national sovereignty, a few people became wealthy under the name of acquiring special licenses and the gap between the rich and poor increased, thus it has been amended through the Constitution by legal means. With the amendment, the Constitution now states that “…profits gained from mineral resources shall be accumulated in the National Wealth Fund for equal and fair distribution.” President Battulga expressed his view that it was ideal for Mongolia to work with Norway, a country that has employed the best approach to “wealth fund” management, to implement the above-mentioned clause in the Constitution.

The Constitution of Norway outlines that “Natural resources shall be managed on the basis of comprehensive long-term considerations which will safeguard this right for future generations as well.” The assets of the Government Pension Fund of Norway amounted USD 1.5 trillion in the first half of 2019. This is a top example of wealth fund management in the world, and with the management of its natural resources through the fund, the revenues were utilized in a manner based on the principles of equity and accessibility to its citizens.

President Battulga and Prime Minister Solberg had an elaborate discussion on the matter of wealth fund, the unique characteristics of Mongolia and Norway, and the implementation of wealth fund laws before agreeing to work together. In doing so, the leaders reached an understanding on the means of cooperation such as sending experts who helped found the Government Pension Fund of Norway to Mongolia for experience-sharing and bringing young Mongolian scholars to Norway.

At the meeting, the sides also touched upon a number of projects and programs that are aimed at increasing bilateral trade turnover and agreed that the Ministries of Foreign Affairs of the two countries would hold a consultative meeting after the visit and put into action the matters that were discussed during the visit.

FEATURED

  • 2025/07/26 3:00:59President of Mongolia U.Khurelsukh Concludes State Visit to the Republic of Tajikistan
  • 2025/07/26 12:22:02President Khurelsukh visits Rogun Hydropower Plant Construction Site
  • 2025/07/25 5:17:31Courtesy Call from Idizoda Faizali, Chairman of the Majlisi Namoyandagon of the Republic of Tajikistan
  • 2025/07/24 11:29:02Mongolia and Tajikistan Sign Documents on Relations and Cooperation
  • 2025/07/24 11:25:57President of Mongolia Holds Official Talks with President of the Republic of Tajikistan
  • 2025/07/24 3:03:14President of Mongolia Officially Welcomed in the Republic of Tajikistan
  • 2025/07/24 2:30:47President of Mongolia Begins State Visit to the Republic of Tajikistan
  • 2025/07/24 2:01:22State Visit of President Khurelsukh Ukhnaa to the Kyrgyz Republic Concludes
  • 2025/07/22 11:18:30President of Mongolia Meets with Chairman of the Cabinet of Ministers of the Kyrgyz Republic
  • 2025/07/22 11:13:15President of Mongolia Meets with Speaker of Parliament of the Kyrgyz Republic

GALLERY

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received_1940131766526829
2025/07/26 3:00:59President of Mongolia U.Khurelsukh Concludes State Visit to the Republic of Tajikistan
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521099270_3044562202390878_5794539075856549439_n
2025/07/26 12:22:02President Khurelsukh visits Rogun Hydropower Plant Construction Site
thumbnail received_1035379852086795 (1)
received_1035379852086795 (1)
2025/07/25 5:17:31Courtesy Call from Idizoda Faizali, Chairman of the Majlisi Namoyandagon of the Republic of Tajikistan
thumbnail 523499201_30854473140833232_5774367500708902527_n (1)
523499201_30854473140833232_5774367500708902527_n (1)
2025/07/24 11:29:02Mongolia and Tajikistan Sign Documents on Relations and Cooperation
thumbnail received_2266961917088442
received_2266961917088442
2025/07/24 11:25:57President of Mongolia Holds Official Talks with President of the Republic of Tajikistan
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