On Thursday, President Ts.Elbegdorj met with the World Bank's new Country Director for China, Mongolia and Korea in the East Asia and Pacific Region Bert Hofman and World Bank Country Representative for Mongolia James Anderson.

Bert Hofman has recently been appointed as the World Bank's Country Director for China, Mongolia and Korea in the East Asia and Pacific Region.

James Anderson was appointed as the World Bank Country Representative for Mongolia in August.

The World Bank officials presented their missions and spoke about collaborating effectively on projects and programs, as the World Bank has in the past. President Ts.Elbegdorj noted that Mongolia has collaborated effectively with the World Bank for many years, and the World Bank has contributed much to supporting Mongolia's development, reducing poverty, and in building a system to distribute the benefits of economic growth fairly to Mongolian citizens.

President Ts.Elbegdorj stressed that Mongolia is striving to make medium-term economic risk regulations.

The President added that Mongolia is taking certain measures to make assessable economic growth, provide sustainability to the macro economy, attract more foreign direct investment, and formulate related laws and regulations. At the end of the meeting, President Ts.Elbegdorj wished the World Bank officials success on their missions.