We are located geopolitically between two superpowers (China and Russia). We are very sensitive to global economic fluctuations, which is a blessing … - Luvsannamsrain Oyun-Erdene

A very difficult crisis between Russia and Ukraine that began on 24 February (2022) has become one of the most pressing geopolitical challenges for the world. This is a blow to the economies of countries that have just begun recovering from the two-year (COVID-19) pandemic and to the positive outlook of the world's banking and financial institutions on economic growth. Now, we are also facing the challenge of how to grow the Mongolian economy in these difficult times – but we are optimistic.

In 2025, the government (of Mongolia) will focus on the development of Ulaanbaatar based on the Regional Development Concept. A Performance Monitoring Unit has been established in this regard. One of the major developments to be carried out in Ulaanbaatar this year is the Tuul Highway, which is a six-lane horizontal axis highway, without traffic lights or intersections. A vertical axis road will also be built and intersect with the Tuul Highway. The city authorities noted that the construction of the highway will be completed within 24 months. This includes land acquisition, bids, and investment activities. We call on the citizens of the capital to work together to support the development of our city. We will swiftly implement measures to solve the pressing issues of Ulaanbaatar city, such as air pollution, energy and congestion. In this regard, we also plan to adopt specialized laws to create a suitable legal environment.

This generational shift is instrumental in deepening democratic concepts and values in Mongolia. During the past 30 years of democratic rule, most of our leaders were educated under the former Soviet system. As you can imagine, it may not have been easy for them to accept and lead a new social and political system after the democratic revolution in 1990. Despite the difficult circumstances, the Mongolian People's Party's leadership at the time peacefully embraced democracy and called for multi-party elections, which I believe reflects the open-minded and adaptive nature of Mongolians. Those of my generation born in the early 1980s spent our teenage years in a transitional phase, experiencing firsthand the challenges and benefits of a democratic society in our daily lives. Our generation has a historic responsibility to bridge the old and the new while further strengthening democracy in Mongolia.