Financial Service Committee - February, 2025 update
The meeting featured engaging discussions among committee members on various significant topics. A key point of agreement was the need for coordinated policy-making in the banking and financial sector, especially since the systemically important banks are publicly listed companies. Additionally, members expressed concerns regarding the lack of clarity in financing the mega-projects. However, the positive shift towards renewable energy solutions and the growing interest in energy sector investments from the international community were noted as encouraging developments.
Committee members are closely observing changes in specific laws, relevant regulations, and reforms, particularly in relation to tax reform. They have committed to continuing their dialogue through AmCham to foster coordinated efforts in overcoming legal challenges.
We extend our gratitude to our engaged members, including Ard Financial Group, Barloworld Mongolia, Golomt Bank, Mahoney Liotta, PwC, SynergyFund, TDBM, and Unet Financial Group. We also appreciate the valuable recommendations and insights provided by the U.S. Embassy, IMF, IFC, and CMM.