AKIPRESS.COM - The autumn session of the Mongolian Parliament opened in Ulaanbaatar on Monday, catching the people's expectation to adopt effective measures to revive the country's declining economy, according to SINA.

At the opening ceremony of the autumn session, Mongolian Parliament Speaker Miyegombo Enkhbold urged the government to move forward large mining projects and not to waste time in empty political quarreling.

The economic growth of the land-locked country is expected to be 0.1-0.6 percent in 2016, a sharp contrast with a 17.3 percent growth rate registered in 2011, said Enkhbold, who is also the Chairman of the ruling Mongolian People's Party (MPP)

The global commodity market downturn has deeply impacted the country which heavily depends on mining. Moreover, the previous political infighting and unfavorable investment environment have scared foreign investors away.