The President of Mongolia Ts.Elbegdorj received the Lord Mayor of the City of London, Alderman Roger Gifford on Thursday September 19th.

At the beginning of the meeting Lord Roger Gifford said that “We deeply appreciate you’re welcome to us. We came accompanied by representatives of banking, financing, law and business to Mongolia. London is the center of world banking, financing and the stock market. We are willing to share our experience and give advice on banking, financing and market shares here in Mongolia”.

President Elbegdorj replied that “In Mongolia the financial market is underdeveloped. So we need your assistance and support to take the right path. I hope you have enough experience working with and giving assistance to developing countries who have recently transferred to a market economy like Mongolia. Mongolia holds an open policy in the international arena while keeping good relations with its two neighboring countries.”

During the meeting parties had talks on legislation experience, in particular the English standard method that is used to make international agreements and negotiations. The parties also exchanged opinions on how to improve financial accounting and related legislation.