Re: Mongolia

Hi Larry,

The world bank chief in Beijing has asked if there is any possibility for you to make a quick side trip there after our conference. The prime minister is eager to see you. I believe you have met him before.

Let me know if you have any interest.

Best,

Fred Hu, Ph.D.

Chairman

Primavera Capital Group

Fred:

I'll discuss with Larry today. If Larry wanted to consider going Mongolia prior to heading to Beijing would that be an option?

Sent from my iPad

Please note my new email

Dear Julie,

I am following up on a request by Mongolian Prime Minister Saikhanbil=g. He met with Professor Summers and would like to have him visit Mongolia=to discuss the economy and economic policy with key decision makers includ=ng the PM himself.

The background to this is that the PM is facing a delicate balancing =ct. With the sharp decline in commodity prices Mongolia needs economic and=policy adjustment, but the politics of this is hard to navigate not least =ecause next year is an election year. I think he wants professor Summers to bring an independent, highly c=edible voice to the debate.

Since I knew that professor Summers was coming to Beijing I opportuni=tically contacted Fred Hu to reach out to you to make this happen.<=r>

We would be most pleased to have Professor Summers in Mongolia, even =f only for a day or so. Ulaanbataar is only 2 hours flying away from=Beijing. We would host professor Summers and give him the support he=needs to credible engage with policy makers, and public and press if needed/acceptable.

We would cover his trip and would provide a fee. Unfortunately =e are constrained by World Bank rates for consultants, the maximum of whic= is about $1500 per day. We can be somewhat flexible in the number o= days.

I sincerely hope that professor Summers is interested in this assignm=nt. If so, we would need to act fast as we would need to arrange the=trip and a contract.

Please let us know of Professor Summers' interest and availabilit= soonest so we can put things in process. I copy Jim Anderson, world=bank country manager in Mongolia, who will need to be involved in followin= up as I will be traveling to Europe in a couple of hours. He would also be Professor Summers' host in Mongoli=.

Many thanks in advance and I hope this will work out.

Best regards,

Bert

Bert Hofman

World Bank Country Director

China, Korea, Mongolia

i wouldn't. dont know why world bank= involved. screws up any future deal