The Office of the President of Mongolia, Public relations & Communications Division


Mongolia is Soon to Utilize a Short and Medium Term Economic Policy Analysis Formula

Today a former Prime Minister of Mongolia, Dr Byambasuren, met with the President of Mongolia to introduce a formula designed to measure the short and medium term development strategy of Mongolia’s economy. This formula is comprised of an equation with 100 variables. Dr Byambasuren stated that the formula can determine the current status of the nation’s economic indicators. This in turn will help officials to forecast future economic indicators of Mongolia. Dr Byambasuren also emphasized that the formula will be a very important tool for policymakers and state officials.