Prime Minister Sukhbaatar Batbold said Monday that Mongolia's economy will continue to grow fast in the coming years after expanding 17.3% in Y 2011 boosted by the booming mining industry.
The prime minister spoke in his address at the third Mongolia Economic Forum, a gathering that focused on promoting a green economy and realizing inclusive economic growth in the country.
More than 1,000 experts and government officials attended the meeting.
Batbold said the experts had offered much sound advice at the past 2 forums, which greatly contributed to Mongolia's strategic policy-making.
He also said that the focus of this year's forum was to discuss Mongolia's economic transition from a brown economy to a Green economy and how to develop the country's knowledge-based economy.
The mining sector is quickly developing and exports are on the rise. However, most of the export products are not made by advanced technology, Batbold said.
The Prime Minister also said Mongolia would try to build a mining sector that is environmentally friendly and socially responsible.
Paul A. Ebeling, Jnr
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels. www.livetradingnews.com