ULAN BATOR Justin Braun Sharks Jersey , 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, 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 Chris Tierney Sharks Jersey , 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, 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 Tomas Hertl Sharks Jersey , 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, 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 Martin Jones Sharks Jersey , the mining sector will continue to be the central linchpin of the Mongolian economy," Munkh-Orgil said, "But at the same time, 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 Joonas Donskoi Sharks Jersey , (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, 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 Fujian

Chinese submersible Jiaolong dives in Yap Trench

LJUBLJANA, May 19 (Xinhua) -- Tens of thousands of Slovenian secondary school students in 20 towns on Friday took part in the traditional quadrille dance, which has gradually became a national cultural heritage Joe Pavelski Sharks Jersey , the Slovenian Press Agency (STA) reported.

The tradition of mass quadrille dancing dated back to 2002 and was initiated in Maribor, the country's second largest city, and the graduation celebration aimed to promote zero tolerance to alcohol and illicit drugs.

The graduates in the capital city of Ljubljana were greeted by President Borut Pahor, the STA report said.

This year's mass dancing event was joined by 54 towns in seven countries, according to STA.

Since the annual parades first started in 2001, more than 300 Mikkel Boedker Womens Jersey ,000 students in 100 cities and 10 countries around Europe have taken part.

The parades have set nine world records for the largest number of simultaneous dancers of the quadrille.

If you've been involved in sport fishing for any amount of time, you've undoubtedly heard about the legendary fishing experiences of Alaska. Stories abound of fisherman latching into monstrous salmon, halibut, and a whole slew of other species in this northern wilderness wonderland. With a seemingly infinite number of outstanding fishing spots, Alaska is without doubt the sport fisherman's dream come true.

After hearing the stories, any true fishermen will want to experience the wonders of Alaska fishing first hand. Having said that Tim Heed Womens Jersey , though, there are several things you will want to consider before you start planning your Alaska fishing trip. The first thing you will want to think through is the species of fish for which you plan to target.

The reason for this is that different fish species are abundant in different areas of Alaska, and so the target fish will dictate which part of Alaska you will want to visit. Remember, Alaska is almost 10 times the size of Texas which means that just saying you want to go fishing in Alaska is like saying you want to grow corn in the Midwest. Not very helpful for planning purposes, is it?

Southeast Alaska is the primary destination for fishing trips, as it provides the most bang for your buck at almost any time of the year (excepting Winter Melker Karlsson Womens Jersey , of course). In this region you will find the legendary Kenai River, where some of the worlds largest King Salmon have been caught. It's also known as a great place for Rainbow and Steelhead trout in the summer season. Other places of interest include south-central Alaska, including Anchorage, Seward, and Homer. If fly-fishing is your thing, Lake Hood near Anchorage is world famous for it.

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