Foreign Minister vows to boost cooperation with Davos summit

Foreign Affairs Minister of Mongolia, L.Bold and the founder and executive chairman of the World Economic Forum, Klaus Schwab had an official talk in Geneva on Monday December 16th, 2013. During the talks Foreign Affairs Minister L.Bold and executive chairman of the World Economic Forum, Klaus Schwab exchanged views on wide range of issues ranging from Mongolia`s current economic situation to preparation works for the World Economic Forum in 2014, further cooperation with the organization.

A memorandum of understanding between the Government of Mongolia and the World Economic Forum was signed in January 2013. Since then WEF scenario team had worked in Mongolia conducting observation and survey on economic development of Mongolia. In September Ulaanbaatar hosted “Strategic Dialogue on the Future of Mongolia” roundtable discussion.

In the framework of annual meeting in Davos, a session on development based on natural resources in Mongolia, Myanmar and Qatar suggested executive chairman of the World Economic Forum, Klaus Schwab during the talks.

Foreign Affairs Minister L.Bold stressed about the importance of discussing development issues of resource rich countries at the World Economic Forum.

The World Economic Forum Strategic dialogue on Future of Mongolia and Mongolia meeting to introduce Mongolia to investors will be organized during the World Economic Forum in January 2014.

During the official talks Foreign Affairs Minister L.Bold and executive chairman of the World Economic Forum, Klaus Schwab agreed to sign a MoU in January in order to organize World Economic Forum on East Asia in Mongolia in 2016.

Then the World Economic Forum, Klaus Schwab addressed about preparation and completion works for the World Economic Forum in Davos where participants from more than 50 countries, including political and business leaders, international and regional organizations and development funds will attend. the World Economic Forum will be held in Davos between 22 to 26th January in 2014. Key participants from the region at the World Economic Forum are Prime Minister of Japan Shinzo Abe, President of the South Korea Park Geun-hye, President of Indonesia Susilo Yudhoyono, Prime Minister of Thailand Yingluck Shinawatra and President of Mongolia Ts.Elbegdorj.