MEETING WITH REPRESENTATIVES OF THE WORLD BANK
Today, President of Mongolia Khaltmaagiin Battulga received representatives of the World Bank, including Martin Raiser, Country Director for China and Mongolia and Director for Korea, and Andrei Mikhnev, Country Manager for Mongolia.
Mr. Raiser spoke about the World Bank’s mission to end extreme poverty in its member countries and its efforts and certain accomplishments in Mongolia in reducing poverty and expressed his views on some challenges that Mongolia still faces today.
President Battulga brought to attention the rate of poverty in Mongolia which is as high as 30 percent /29.6 percent of population or 907.5 thousand/ and exchanged views with Mr. Raiser on the necessity of economic diversification for the reduction of poverty.
For instance, President Battulga put forward agricultural projects and programs on processing raw materials such as hide and manufacturing final products, saying that the successful implementation of these projects would result in solid increase of income for 170 thousand households that are making a living in this sector.
At the end of the meeting, Mr. Raiser expressed his appreciation for the specific and practical proposals made by President Battulga and thanked the latter for the audience, while stressing the importance of the meeting in the integration of strategy proposals with Mongolia.
