On December 15, 2022, Chairman of the State Great Hural G.Zandanshatar received a delegation led by World Bank Country Director for China, South Korea and Mongolia Mara K. Warwick.

At the outset of the meeting, the State Great Hural Chairman expressed that Mongolia highly appreciates the World Bank’s consistent support in consolidating Mongolia’s business and investment environment. He then briefed on the legal reforms that will be carried out in the near future.

For her part, the World Bank Country Director emphasized that the laws and regulations that are passed by the State Great Hural and the future measures are in correlation with the World Bank’s reports and recommendations while commending Mongolia for taking decisive action to make legal reforms.

Noting that the World bank is paying particular attention to supporting small and medium-sized enterprises (SMEs) and increasing employment opportunities, she expressed confidence that the legal reforms will bring positive results in the development of the business sector.

“Aside from providing technical assistance to Mongolia, I am pleased to announce that the World Bank will launch programs in 2023 to strengthen good governance, encourage the use of renewable energy and tackle climate change issues”, she added.

The meeting also touched on the “D-Parliament” digital platform, which was introduced to increase the participation of citizens and NGOs in lawmaking, projects, and programs implemented in the past by the World Bank, and other issues.