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10 мая 2019 г. 04:41

Chinese submersible Jiaolong dives in Yap Trench

ULAN BATOR Cheap Custom Jerseys , June 6 (Xinhua) -- Mongolian Foreign Minister Tsend Munkh-Orgil said on Monday that Mongolia would be able to implement the structural reforms it has agreed to undergo with the International Monetary Fund (IMF), according to Nikkei Asian Review website.

 

"I am confident that the resources and money that will be lent to the Mongolian government will be used effectively to overcome the temporary economic problems," Munkh-Orgil said on the sidelines of the International Conference on The Future of Asia in Tokyo.

 

The resource-rich country has benefited from a commodities boom over the last 15 years or so. But a subsequent commodity price slump Cheap Authentic Jerseys , investment outflows and slowing demand in key export markets have hit Mongolia's economy hard.

 

Last month, the IMF approved a three-year, 434-million-U.S. dollar loan for Mongolia as part of a wider 5.5 billion-dollar aid package which is also supported by Japan Cheap Wholesale Jerseys , South Korea, China, the Asian Development Bank and the World Bank.

 

The agreement was reached after the IMF admitted that Mongolia had met some of its demands Cheap Jerseys From China , including raising taxes and cutting spending.

 

Some observers, however, questioned the ability of the Mongolian government to carry through the painful structural reforms needed to put the economy back on track.

 

But Munkh-Orgil said the reforms were inevitable. "With or without the IMF Cheap Jerseys China , we know that we must undertake these reforms. We have expanded fiscally -- a lot. We have stretched ourselves on [the] budget. We have reached unsustainable levels of government debt," he said.

 

The government is trying to respond through fiscal consolidation, and by bringing the budget under control Cheap Jerseys , the minister said.

 

Mongolia aims to reduce the budget deficit, currently equivalent to 17 percent of the gross domestic product (GDP), to 10.2 percent by the end of this year. It aims to have a budget deficit equal to around 2 percent of the GDP by 2022.

 

"For the next several decades Wholesale Jerseys China , the mining sector will

 

Chinese submersible Jiaolong dives in Yap Trench

continue to be the central linchpin of the Mongolian economy," Munkh-Orgil said, "But at the same time Wholesale Soccer Jerseys , mining is a very capricious animal. (The) fortunes and misfortunes of the mining sector can go up and down unexpectedly."

 

Mongolia is ready to diversify its economy, which currently relies on minerals for 90 percent of its export revenue, he said.

 

"We need to bring in more products Wholesale Jerseys , (put) more industries in play," the foreign minister said, "We need to engage the public and businesses in other areas that employ more people and bring more export revenues Cheap New Soccer Jerseys , like agriculture and tourism."

 

Kazakh version of "Xi Jinping: the Governance of China" released in Astana

 

Over 600 students take special train to attend Gaokao on June 7

 

Three giant pandas return to Chengdu from Japan to start new life

 

Elephants receive medical care at rescue centre in SW China

 

Scenery of Dongchuan Red Land in SW China's Yunnan

 

Macaques attract tourists at scenic spot in SW China's Chongqing

 

Monk runs on 135-meter-long thin plywood in water in SE China's Fujianc

 

 

 

BELFAST, March 4 (Xinhua) -- The Democratic Unionist Party (DUP) retained its position Saturday as the biggest party in Northern Ireland, but only by the narrowest margin of one seat ahead of pro-republican Sinn Fein.

 

Now the parties in the region have several weeks to discuss working together to see the return of a devolved assembly.

 

With all 90 seats allocated, the DUP won 28 seats while Sinn Fein won 27 in what was seen as a major vote of confidence in the party's new leader in Northern Ireland, Michelle O'Neill.

 

O'Neill went into her first election as leader with a 10-seat gap behind the DUP.

 

Relatively unknown outside the region, she succeeded after Sinn Fein's Martin McGuinness, one of the party's big-name personalities, resigned in a fallout with the DUP.

 

O'Neill now has just three weeks to discuss forming a power-sharing devolved assembly with Arlene Foster, the re-elected DUP leader.

 

If they fail to reach an agreement, the government secretary of state for Northern Ireland, James Brokenshire, could order a second election and restore home rule from Westminster.

 

That would be seen as a backward step for Northern Ireland that saw around 3,600 people killed in shootings and bombings in a campaign spanning 30 years by the Irish Republican Army (IRA) who demanded the region be reunited with the Dublin-based Irish Republic.

 

"The prospect of a devolved government being formed is very remote," said Jon Tonge, professor at the University of Liverpool and expert on Irish politics.

 

Under governance arrangements in Northern Ireland, the Stormont assembly has to be run by republicans and nationalists under a formula worked out as part of peace talks that ended decades of troubles.

 

The resignation of Deputy First Minister McGuinness automatically meant Foster's role as first minister ended, sparking the snap election, the second within 10 months.

 

The SDLP won 12 seats, the Ulster Unionists (UUP) 10, the Alliance party (APNI) 8, the Green Party 2, and the remaining three went to one independent and two minority parties.

 

The most unlucky in the election was Mike Nesbitt, leader of the UUP, who announced his resignation following the party's poor showing.

 

Just under 65 percent of the voters in Northern Ireland cast votes on Thursday, the highest turnout since the vote which followed the 1998 peace agreement. The size of the assembly was trimmed by 18 seats to 90 as a cost-cutting measure.

 

Belfast's daily newspaper the News Letter commented on Saturday that "Northern Ireland today is waking up to a fundamentally altered political reality: unionism is no longer a majority in the Stormont chamber for the first time since the creation of the Province a centur. Wholesale Jerseys China   Wholesale Jerseys China   Cheap Jerseys Wholesale   Cheap Authentic Jerseys   Cheap Epic React Running   Cheap Epic React Flyknit   Cheap Nike Epic React White   Cheap Nike Epic React Racer Blue   Cheap Nike Epic React Crimson   Cheap Nike Epic React Flyknit 

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