At its regular meeting, the Mongolian People’s Party discussed a proposal on how to overcome the economic crisis and elaborated on appropriate policy for doing so, and submitted the proposal for discussion by the government. 

MPs S.Byambatsogt, Ch.Khurelbaatar, and O.Sodbileeg were active in the meeting.

A working group to elaborate on policy to end the economic crisis and elaborate on the implementation of plans to strengthen the economy is being headed by  MP Ch.Khurelbaatar.

Presently, the working group has reportedly made distinct conclusions about the present economic crisis, and proposed that the government take measures for the stabilization of the macro economy, encouraging and taking a series of measures for the growth of concrete sectors, and measures for the introduction of legal innovations and social protection.

Although Mongolia's economic growth increased by 17.5 percent in 2011,  during the last three years, economic growth has slowed down. In 2012 it reached 12.3 percent, and in 2013 it was 11.7 percent, falling to 6.9 percent growth in 2014.

Analysts say that the rapid decline of economic growth is due to the influence of foreign and domestic factors, but it is also due to unbalanced foreign and domestic trade policy, and poor policy put in place by the Government of Mongolian and Mongol Bank, which have supplied a lump of money to the market. The decline is also attributed to the uncontrolled utilization of financial resources and misunderstandings with several large investors, which critics say has resulted in a significant drop in foreign investment in all sectors.