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2nd Mongolia Trade & Commodity Finance Conference
The Chinggis Khaan Hotel
Local and international business leaders meet in Ulaanbaatar to support Mongolian growth
Exporta Group, the market leading independent information provider for the financial services industry, returned to Ulaanbaatar for the 2nd Mongolia Trade & Commodity Finance Conference, which took place at the Chinggis Khaan Hotel on 14th May 2013.
The event, unique in its specific focus on Mongolia’s corporate, financial services and international trade sectors, welcomed over 200 key local business leaders, international finance practitioners and commodity traders seeking to take part in the nation’s continuing economic growth.
The keynote address provided by Mongolia’s Vice-Minister for Economic Development outlined the government’s intention to take urgent steps to improve and stabilise the investment environment in Mongolia, not least regarding key investment law currently being drafted; resolving the protracted Oyu Tolgoi gold and copper mine dispute was the acid test for the Mongolian government, according to one audience member, arguing that resolution of contractual issues surrounding the project would see exponential growth in wider Mongolian mining production and foreign investment.
Key insights provided across the day’s agenda included the huge potential for further ECA covered transactions within the Mongolian market, the crucial role being played by international FIs in supplementing local liquidity, the importance of PPPs within infrastructural development and the extensive opportunities offered to project financiers, and the belief that the slow down within the Chinese economy did not constitute as significant a threat to the Mongolian market as anticipated in some quarters, particularly when factors such as Chinese compound growth and the recent spike in the country’s equity market are taken into account.
Speaking on the sidelines of the event, Randolph Koppa, President of Mongolia’s Trade & Development Bank and Chairman of the conference said: “The prospects for trade and a variety of structures and ECAs will only increase, and not just strictly trade related to the input and output of the (Oyu Tolgoi) mine. There will be a move towards further processing, which again will be capital-intensive.”
Jim Dwyer, Executive Director of the Business Council of Mongolia added: “We are seeing the first positive signs for the Mongolian economy recovering. It has been interesting to hear the views of key stakeholders not only on Oyu Tolgoi, but on the outlook for the new investment law being drafted by the Ministry of Economic Development. This law could provide stability for both domestic and foreign investors and rekindle FDI.”
Delegates enjoyed numerous opportunities to network with industry peers throughout the one day event, aided by an online networking function provided in the weeks before the meeting by Exporta Group allowing attendees to target meetings with key industry players. Proceedings were concluded with a special reception where delegates continued the day’s discussions in a more informal setting.
Following its highly successful inaugural gathering in 2011 Exporta is delighted to announce its return to Ulaanbaatar for the 2nd Mongolia Trade & Commodity Finance Conference.
The only event specifically organised for the Mongolian trade and commodity finance community, the conference will once again provide an unrivalled platform for discussion and networking for leading local businesses and institutions, as well as those international practitioners looking to tap into the huge potential of this rapidly developing market.
Over 130 high-level delegates attended the inaugural Mongolia conference in October 2011, where some of the country’s most senior business leaders joined international financiers to discuss the numerous opportunities offered by Mongolia’s vast natural resources, as well as the challenges faced in realising sustainable growth and development in line with the expectations and limitations of its growing population.
2013’s gathering will again assess the key considerations of those seeking to access the Mongolian market as well as those already operating in the country, with debate centred on mining, minerals and the impact of huge commodity-led growth, as well as perspectives provided on local banking capacity, the primary challenges facing Mongolia’s private sector, the opportunities available for new market entrants, and discussion on the country’s regulatory landscape.
With a host of expert speakers sourced from both the local and international markets and utilising a proven event format, the 2nd Mongolia Trade & Commodity Finance Conference will again serve as the key trade gathering for the region’s primary industry actors.
As with all Exporta conferences, numerous networking sessions will be built into the day’s proceedings providing ample opportunity to create crucial connections with the various decision makers in attendance. The conference will be followed by an evening drinks reception where discussions can be continued in a more informal setting.
Amongst the topics to be covered:
•Does the Mongolian banking sector hold sufficient capacity to realise the countries full economic growth potential?
• To what extent will international institutions be required to play a bigger role in providing additional liquidity?
• Highlighting key infrastructure projects and financing requirements for extensive further development
• Assessing the demand and supply factors impacting Mongolia’s insurance sector
• How are the key considerations of Mongolian corporates changing in line with market conditions?
• Examining the impact of Mongolia’s attitude towards neighbours such as China and Russia on the opportunities available to western companies
• Highlighting the role of developmental institutions in bridging market gaps and facilitating private sector growth
Who should attend?
• Trade, export and commodity finance heads and directors
• Multinationals and SMEs
• Insurance underwriters and brokers
• Export credit agencies
• Solution providers
• Lawyers and consultants
• Market analysts and policy advisors
08.00 Registration and refreshments
Hakan Aksünger, Senior Regional Manager, Financial Institutions, BHF Bank
Fiezullah Saidov, Senior Advisor, Corporate Banking, Tenger Financial Group
Hakan Aksünger, Senior Regional Manager, Financial Institutions, BHF Bank
• How will volatile global conditions continue to influence Mongolia’s natural resources businesses?
• Examining liquidity sources: Can local and foreign FIs and multinationals complement each other to keep up with growth opportunities?
• Debating the impact of Mongolian foreign investment and resource legislation on the financing available to the natural resources sector
• Outlining the opportunities: Does the sector present a fertile ground for a balanced mix of solutions or will certain types of finance prevail?
The Chinggis Khaan HotelTokyo Street - 10
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