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Mongolia takes measures to intensify the economy
The Parliament of Mongolia today adopted a resolution on measures to intensify the economy. As a result, the country is switching to a mode of economy by reducing the current expenditures of the state budget, and funding for small and medium-sized businesses will increase accordingly. The implementation of this decision contributes to maintaining the stability of the legal environment in the mining area and restoring the confidence of foreign investors - reports the Xinhua news agency.
According to the program approved by the government, measures will be taken to increase the flow of foreign investment, introduce a new system of government debt management, create a special visa regime for foreign investors who have made funds in free economic and trade zones.
As part of the implementation of this economic program, experts will develop changes and additions to the law on minerals, the licensing of mineral exploration will be restored, coal exports and gold mining will increase. It is also planned to create a project to build a Mongolian-Chinese coal gasification plant.