BCM Monthly meeting

1. BCM Summit Proceedings:
Notes & Recommendations from
the 1st Annual BCM Summit
B. Byambasaikhan, Chairman, BCM
2016-05-30

2. BCM Summit
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3. Overview
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• BCM Summit
• Proceedings
• Main Points
• Advocacy: Next Steps

4. Agenda focus: Objectives:
• Provide information &
update
• Identify common interest
and concerns of business
community
• Advocate them to the next
government for attention
and further actions
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• International Finance
• Mining & Industrial Supply
• Business Strategies In
Economic Downturn
• Capital Markets
• Innovative Business Trends
Messages to new Government

5. BCM Summit Proceedings
Summary of:
- notes from the Summit speakers
- Received issues and recommendations from BCM
members
- Position papers from BCM Working Groups
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BCM Position/Role:
- Advocate key messages to the new Government
- Follow up on progresses and update members

6. • STABILITY:
Fiscal Discipline
Consistency, Continuity & Predictability of Laws &
Regulations
• CAPACITY:
Governance
Innovation and R&D
• IMPROVED BUSINESS ENVIRONMENT:
Investor Protection
Capital Markets
Diversification, Infrastructure & Project Finance
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Main Points

7. STABILITY
Fiscal Discipline
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Comprehensive Macro-Adjustment Plan
Policy, Legal & Regulatory Consistency/
Continuity
Seek support under an International
Monetary Fund IMF-supported “Standby
Facility” if not CMAP
Seek multilateral finance & debt finance
from global commercial lenders and int’l
capital markets
# Tax Reform II: draft law of CIT
Consistency, Continuity &
Predictability of Laws &
Regulation

8. 8
CAPACITY
Public governance Appointing skilled management,
not by political appointment
R&D and innovation
of professional
organizations
Setting up Innovation Fund, support
R&D consortium based on PPP &
collaboration with universities
Education sector
Increasing the # of accredited
institutions both locally &
internationally
Political & governance-related indicators
e.g. Worldwide Governance Indicators

9. Rule of Law & Business Ethics: enforcement of laws & sanctity
of contracts
Investor Protection: design and implementation of settling
investor grievance
Capital Markets: liberalization of financial market/ pension
funds
Infrastructure: completion of standard gauge rail connection to
China, particularly the segment from Tavan Tolgoi to the
Chinese border.
Project Finance: access to international arbitration to support
PPPs
Diversification: cement industry, meat export, logistics
BUSINESS ENVIRONMENT

10. Advocacy approach
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BCM Working
Groups
Focus areas
1. Capital Markets
stock markets, debt and mortgage markets, private equity, venture
capital, insurance
2. Legislative policy, legal & regulatory consistency/ continuity/ predictability
3. Tax favorable tax environment, consistent tax policies and legislations
4. Energy &
Environment
renewable Energy, Energy Efficiency, Air Pollution, Project
Finance, PPP
5. Education higher education, vocational training, capacity building
6. Risk risk management
7. Business Ethics
effective governance, rule of law, business integrity, CSR, anti-
corruption
8. Logistics
process standardization; cost reduction; market access; customs
and compliance; domestic transport/warehousing; cross border
transportation and transit

11. Next Steps
• Revise BCM’s mission/vision/strategy to meet
the changing demand of members
• Focus more on advocacy to produce outputs
• Partner with media and journalists to promote
BCM’s advocacy efforts
# broadly publicize Summit Proceedings
# work closely with journalists to provide
correct information
• Annual Report to Members
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12. Thank you
Any questions?
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