International finance community continues to support Mongolian growth amidst fresh challenges
Key local business leaders gathered with those finance practitioners seeking to support Mongolia’s economic growth at the 3rd Annual Mongolia Trade & Commodity Finance Conference, organised by GTR Events, which took place at the Blue Sky Tower, Ulaanbaatar on May 19, 2014.
Now widely recognised as the leading event for Mongolia’s corporate, financial services and international trade sectors, the gathering focused on the crucial support required from the international trade finance community to ramp up commodity production and exports, both in supplementing the financing capacity of the domestic banking sector and providing the specialist expertise necessary to facilitate lending in the context of volatile global markets.
Open discussion at the event indicated that confidence in the huge potential opportunities offered by Mongolia’s extensive reserves of natural resources and rapid economic growth remains high amongst the globe’s leading trade and commodity financiers despite the continued headwinds impacting on the domestic economy. Numerous speakers from both local and international markets emphasised the view that investment opportunities are currently at their peak as the Mongolian economy reaches the full extent of its slowdown, it being only a matter of time until recovery takes hold.
Recent amendments to FDI regulation, though encouraging and illustrative of the government’s intentions to form international partnerships in order to unlock Mongolia’s mineral wealth, leave much room for improvement from the foreign investor’s perspective. The revised legislation is not sufficient alone to bring Mongolia out of the current economic slump, suggested Stephen Tricks of Clyde & Co., who joined domestic law firm Khan Lex & MDS on stage to provide the gathering’s central regulation focused session.
You truly are an idiot, the Fed is a parasite
And is the real entity behind everything that is going wrong in our economy, and you support them. what an idiot!
Here is why we need to end the fed:
Not since 1833 have there been calls to abolish a United States bank. At the time, it was President Andrew Jackson who succeeded in abolishing The Second Bank of the United States. Today it is Congressman Ron Paul of Texas who is calling for an end to the Federal Reserve.
Paul thinks the Fed is the root cause of the financial crisis and what permitted exorbitant risk-taking by companies ranging from Bank of America (NYSE: BAC) to Citigroup (NYSE: C) and from Morgan Stanley (NYSE: MS) to AIG (NYSE: AIG)
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