PRIVATE SECTOR TO BE SUPPORTED MORE

Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet discussed and approved a plan for realizing a national strategy on supporting a private sector. The implementation steps and the capital will be reflected in the annual guidelines of socio-economic development and in the state and local budgets and be financed by assistance and aid from foreign countries and international organizations.
The national strategy aims to create a favorable condition for running business, enhancing a competitiveness of the private sector, developing mutually beneficial cooperation and partnership the state--the private sector, supporting the private sector in increasing labor productivity and job places.
In frames of the national strategy, the measures will be taken out to create legal environment for supporting a development of the sector, to support it with economics, finance, investment and external trade policies, to expand the collaboration between the state and the private sector making the state services transparent and prompt, and to provide it with employment, professional education, training and human resources policy.
The government plans to implement the strategy in two stages as 2011-2013 and 2014-2016 years.
B.Khuder