PM: Mongolian economy to continue fast growth in coming years

ULAN BATOR, March 5 (Xinhua) -- Prime Minister Sukhbaatar Batbold said Monday that Mongolia's economy will continue to grow fast in the coming years after expanding 17.3 percent in 2011 boosted by the booming mining industry. The prime minister spoke in his address at the third Mongolia Economic Forum, a gathering that focused on promoting a green economy and realizing inclusive economic growth in the country. More than 1,000 experts and government officials attended the meeting. Batbold said the experts had offered much sound advice at the past two forums, which greatly contributed to Mongolia's strategic policy-making. He also said that the focus of this year's forum was to discuss Mongolia's economic transition from a brown economy to a green economy and how to develop the country's knowledge-based economy. The mining sector is quickly developing and exports are on the rise. However, most of the export products are not made by advanced technology, Batbold said. The prime minister also said Mongolia would try to build a mining sector that is environmentally friendly and socially responsible.