Private sector investment in renewable energy in Mongolia

Guest blog written by Hisaka Kimura

1. My expectation of IPP Online

Asian Development Bank, which I work with, has been strengthening its field offices to respond more effectively to the evolving challenges. Based in Beijing, one of the largest field offices, I lead private sector country work for China and Mongolia, focusing on strategy, business development, structuring, negotiation, implementation, regulatory monitoring, and knowledge-sharing. Following COVID-19, implementation jumped up the agenda among the full spectrum of new challenges. I had to deep-dive more project implementation, and I was thrilled at IPP online opportunity to prepare myself to deliver greater responsiveness to the client needs in these trying times.

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Lack of diversity in Mongolian exports: Effects on employment & productivity

Guest blog by Suzanna Sumkhuu

Over the past 4 years, I have been working at the country’s development policy planning reform, streamlining legislative, institutional and policy mechanisms. On this journey, I have encountered two contrasting views: necessity for strong central planning systems vs abolish the government and leave everything to the market economy. Because Mongolia has such a strong history of central planning under Socialist rule, the public view is also differing. I knew from the get-go that neither absolute form of these contrasting options could deliver on today’s socio-economic and planetary needs. Hence, I have been searching like a nomad for answers that could trigger systemic change in ensuring more inclusive and sustainable development.

Against this backdrop, I came into the Leading Economic Growth program with a growth challenge that I have been exploring for some time now and something that I was planning on making the central line of inquiry for the formulation of the country’s Annual Development Plan for 2022 and conceptualization of the next ten-year development strategy, which I was tasked to lead. My growth challenge was Mongolia’s lack of sufficient non-mineral export products and job creating exports, which mattered because it leads to low levels of employment and productivity.

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Promoting agricultural sector products to diversify the economy in Mongolia

Guest blog by Batjargal Khandjav

The Leading Economic Growth Program has been an absolutely inspiring intellectual journey for me during COVID-19 pandemic lockdown. It was a unique opportunity to reflect on key principles of economic growth while using toolset to better understand the unfolding of policy choices and drivers of economic growth for my own country. The breadth of the information and cases from around the world brought by the course and participants helped me to confront ideas and challenge existing ones. The weekly assignments that relied on information obtained during the weeks are very engaging and the comments provided by the grader helped me to stay focused and better adapt ideas and principles taught during the course, in a concrete circumstance of my country.

Each of the modules of the LEG Program offered ideas and learnings that gave new and interesting perspectives and helped me to assess the main problems and obstacles for the economic development of Mongolia, look for the roots of these problems, analyze possible solutions to these barriers.

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