Elbegdorj stresses need for financial decentralization

Klaus Rohland, Regional Director in Charge of Mongolia, last week called on President Ts. Elbegdorj and introduced to him Ms. Coralie Gevers, the World Bank’s new Country Manager and Resident Representative in Mongolia.

In a short speech to welcome Ms. Gevers, the President said Mongolia needs to fight against corruption, improve the social environment, follow the rule of law, and implement judicial reforms. He sought the World Bank’s assistance to implement a project to transfer more financial power and authority to local authorities, as only such decentralization actually empowered the people.

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