Catalog

	Table of Contents
p. 52 of 95 BACK | NEXT Message from the Chairman of the Board of Directors Members, Capital Stock and Voting Power The Record Abbreviations 2004 in Review: Board of Directors' Report Special Theme: The Changing Face of the Microfinance Industry: Building Financial Systems for the Poor Part 1: Institutional Effectiveness Part 2: Poverty Reduction Strategic Priorities Thematic Priorities Regional Perspectives East and Central Asia Azerbaijan China, People’s Republic of Kazakhstan Kyrgyz Republic Mongolia Tajikistan Turkmenistan Uzbekistan Mekong The Pacific South Asia Southeast Asia Part 3: Financial Statements: Management's Discussion and Analysis

Annual Report 2004 : Part 2: Poverty Reduction : East and Central Asia

---

Mongolia

Strategy and Policy Dialogue. A new CSP is under preparation to provide an updated framework to identify and target future ADB interventions. It will take account of significant, recent demographic changes, accelerated rural migration to urban areas, structural changes in the economic system, and new capacity building needs. More importantly, the new CSP will seek to address Mongolia's persistent high levels of poverty. In order to help Mongolia achieve the MDGs, ADB must continue to promote economic growth for job creation and to improve essential services for the poor. Following parliamentary elections in June 2004, policy dialogue with the new government has focused on further reform to the financial system, updating the education strategy, and urban development.

Loan and Technical Assistance. ADB approved a loan of $37.1 million for the regional road development project to complete the north-south corridor linking the country with its major trading and investment markets, the PRC and the Russian Federation. ADB also approved and fully disbursed a financing package of $6.1 million to the Trade and Development Bank of Mongolia that includes an equity investment of $1.6 million in exchange for a 10% stake along with a $4.5 million subordinated loan. This is ADB's first private sector investment in Mongolia. Seven technical assistance activities were approved totaling $2.7 million for education, urban development, transport, agriculture, health, and anti-money laundering.

Back Kyrgyz Republic	Next Tajikistan