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Events
Economic recovery program runs effectively www.montsame.mn
Ulaanbaatar/MONTSAME/ At its regular meeting on February 22, the Cabinet reviewed an accomplishment of ‘Economic recovery program’ by end of 2017. Relevant ministers were instructed to intensify the slow-paced activities.
136 out of 204 events in total included in the program were implemented last year and 68 will be implemented in the first half of this year. The positive results appeared when key indicators of macroeconomics and society before and after the program implementation were compared.
For instance, the economy rose, budget deficit and the loss in the GDP declined, external trade circulation, export and currency reserve increased, currency exchange rate stabilized, confidence in Tugrug restored and savings in Tugrug rose, Mongolia’s special drawing rights improved as well as conditions met to restore investors’ confidence.
M.Unurzul
Published Date:2018-02-23
