Minister L. Enkh-Amgalan Participates as Keynote Speaker at the Asia-Pacific Investment Cooperation Summit

The "Global Pension, Social Security, and Sovereign Wealth Funds" summit, focusing on strengthening global cooperation for the well-being of humanity, was held in Hong Kong on 13th-14th December. The event brought together key leaders and stakeholders to discuss investment cooperation across Asia and the Pacific region.

Minister for Family, Labour and Social Protection, L. Enkh-Amgalan, participated as the keynote speaker at the summit. He presented Mongolia's current situation regarding social protection, pensions, and sovereign wealth funds, outlining the significant reforms and policy changes that the government plans to implement in these areas. He also highlighted opportunities for regional cooperation to further strengthen these sectors.

The Asia-Pacific Investors Cooperation (APIC), which organized the summit, is a strategic body established to guide the successful management of government special funds, private pension funds, and sovereign wealth funds. APIC is the only organization of its kind in the Asia-Pacific region.

During the summit, participants discussed improving cooperation between global asset managers to align investment strategies with goals such as combating climate change, reducing poverty, and enhancing the effectiveness of pension systems, savings funds, social protection, and sovereign wealth funds.

This summit marked a significant moment as it was the first such gathering of global leaders in the field of investment management and pension/social security after the pandemic, setting a foundation for future cooperation in these vital sectors.