Legal status NGO Region served Mongolia | Headquarters Ulaanbaatar, Mongolia Chairman Sükhbaataryn Batbold | |
Formation • 2010, Mongolia Economic Forum Type Non-profit organization | ||
The Mongolia Economic Forum is a Mongolian non-political and non-governmental organization which is designed to provide a platform for constructive discussion among key stakeholders, including Government, business, civil society and academia, with added input from potential foreign investors and donors. The Forum has a membership.
Contents
An annual conference of the Forum invites leaders and representatives from public, private sectors, academics and civil society to discuss economical and social issues impacting the development of Mongolia, and seeks ways to implement development policies in the country.
History
The inaugural Mongolia Economic Forum was held in February 8–9, 2010 under auspices of the Prime Minister of Mongolia with active support of the President of Mongolia and the Parliament of Mongolia. The forum was organized under the motto “Together We Can”. During the two-day event, government officials, private sector actors, academics, foreign investors, donors, and civil society members discussed issues critical to the country's growth, including capital markets, competitiveness, state registration reform, budgetary reform, mining sector development, environment and green economy. Following the success of the first Mongolia Economic Forum in 2010, the MEF NGO is hosting the Mongolia Economic Forum 2011 to provide a creative platform for constructive discussion among key stakeholders, including Government, business, civil society and academia, with added input from potential foreign investors and donors.
The 2011 Mongolia Economic Forum was scheduled to be held in 2–3 March 2011.
Organization
Headquartered in Ulaanbaatar, Mongolia, the Mongolian Economic Forum is a non-governmental organization and was established in 2010. The NGO's highest governing body is the Board of Directors.
Chairman of the Mongolia Economic Forum NGO is S. Batbold, the Prime Minister of Mongolia. General Secretary of the Mongolia Economic Forum NGO is Ch. Ganhuyag, Deputy Minister of Finance. Mongolia Economic Forum NGO's highest governing body is the Board of Directors. The members of the Board of Directors include P. Tsagaan, Advisor to the President of Mongolia; D. Jargalsaikhan, CEO of Xac Leasing LLC; D. Zorig, Minister of Mineral Resources and Energy; S. Bayartsogt, Minister of Finance; S. Saikhanbileg, Member of Parliament; D. Enkhbat, Member of Parliament; S. Oyun, Member of Parliament; Yo. Otgonbayar, Minister of Education, Culture and Science; J. Zandanshatar, Minister of Foreign Affairs; Ch. Khashchuluun, Chairman of National Development and Innovation Committee and D. Tsogtbaatar, State Secretary of the Minister of Foreign Affairs.
Activities
The Inaugural Mongolia Economic Forum was held in 2010 and it brought together business leaders, politicians, representatives from academia, NGOs and civil society. The forum provided a platform for its speakers, participants to discuss critical issues tied to the development of Mongolia. The following is the briefing on each discussion panel: Results of discussion (MEF 2010)
Budget Reform:
Development of the Mining Sector:
Environment and Green Economy:
State Registration Reform:
Capital Markets Reform:
Competitiveness:
Participants and Keynote speakers
The inaugural forum opened with keynote remarks by Ts. Tsakhiagiin Elbegdorj, President of Mongolia. About the forum, he said in his remark:
I have just participated in Davos World Economic Forum. In last 40 years world’s most important policies and solutions have been started to be discussed at Davos with own participation of people by the volunteer basis with informal structures as attracting most interest. I understand that Mongolia Economic Forum that is being organized today for the first time has also such a purpose. Here is from one side Government, from another side representation of civil society and NGO-s, businessmen and citizen have come and express their opinion freely. A great beginning is being laid out by this forum for main proposals discussed here to reach public through the media, a direction being formed for solutions for the major challenges we face today, and many main political and economical problems in consequence become official and then resolved. This forum should be organized every year
Prime Minister S. Batbold and President Ts. Tsakhiagiin Elbegdorj both stated that the Forum’s primary objective is: “to build consensus around defining sustainable economic development policies and addressing pressing challenges faced by key economic sectors of Mongolia among policy makers, business communities, academia, and the civil society.”
The panel sessions were moderated and participated by well-known business leaders, politicians, civil society leaders in Mongolia. Panel participants include, to name a few, S. Bayartsogt, Minister of Finance, D. Sugar, Chairman of the State Property Committee, B. Bold, CEO of Newcom Group, Alisher Ali Djumanov, CEO of Eurasia Capital, Ganhuyag Ch Hutagt, CEO of Tenger Financial Group, Philipp Ter Woort, Country Director of EBRD, B. Unenbat, former President of Mongolbank etc.
Guest of Honor
Hernando de Soto, the President of the Institute for Liberty and Democracy, was invited to the Forum as the first Guest of Honor. The Peruvian Economist, Hernando de Soto, read a lecture “Significance of registration structure, validation of property rights is foundation of progress”. According to Hernando de Soto, only 20 per cent of property in Mongolians has official registrations. It means that a 7,5 billion USD worth of property is stuck without registration, validation and is outside of the economy.
In the speech, de Soto laid out what he described as five necessities to achieve economic success: rule of law, trust, respect for nature and man and the rule of law, value is not only related to labor but also documentation, and political will.
Sponsors
Sponsors for the Forum in 2010 include: