The platform launched to help Mongolia resolve investor grievances.

103585658_2708418699262557_1100303144386671196_o

We would like to thank the Монголын Yндэсний Худалдаа Аж Yйлдвэрийн Танхим for inviting us to the launch of the ‘Systematic Investor Response Mechanism’ on Tuesday. The protection and attraction of FDI will be key to economic recovery. Congratulations to all the parties that have been involved.
It is a major step in the right direction and AustCham Mongolia fully supports this initiative.

The International Finance Corporation, a member of the World Bank Group, and Mongolia’s National Development Agency on Tuesday launched a platform to help resolve investor grievances.

The platform – the Systemic Investor Response Mechanism – will enable investors to register and track resolution of grievances at an early stage, according to the WBG.

“The Mongolian government recognizes the need for a robust and transparent investment climate that is conducive to Mongolia’s economic growth,” said Banzragch Bayarsaikhan, chairman of the development agency, at an on-line launching ceremony.

“Our collaboration with the WBG will help create a more favorable business environment for investors, retaining and expanding existing foreign direct investment as well as domestic investment in Mongolia,” he said.

Rufat Alimardanov, IFC’s country representative for Mongolia, said: “At a time when economies across the world are impacted by COVID-19, it is even more important to develop innovative ways to attract and retain investment and protect jobs.”

The new platform affirms the Mongolian government’s efforts toward investment climate reforms and restoring investor confidence, Alimardanov added. Enditem

UPCOMING EVENTS
AustCham Mongolia’s Webinar Series: TBC
December 31 @ 8:00 am - 5:00 pm

AustCham Mongolia’s AGM – 2020
July 30 @ 6:00 pm - 8:00 pm

RECENT NEWS
Naadam Greetings from AustChamMongolia
July 9, 2020

AustCham Mongolia Newsletter Q2 – 2020
July 1, 2020

Hahn Electrical Mongolia renewer their “Corporate” membership for 2020.
June 26, 2020

Member News – MSM Group LLC
June 25, 2020

The platform launched to help Mongolia resolve investor grievances.
June 17, 2020