Building a Strong Middle Class in Asia

Investing in training and practical education will stimulate and diversify the job market in Asia - moving the poor into middle class. Watch Video

Asian Economies Bounce Back

Developing country economies in Asia are returning to strong growth driven by rising consumption and intraregional trade. Read More

Helping Mongolia Leapfrog to the Digital Future

An ADB funded program provides IT training and facilities to a primary school in the Mongolian capital Ulaanbaatar. Watch Video

ADB Helps Modernize Mongolia's Health Sector

Latest loan will support construction of new hospital, and delivery of safer blood transfusions and hospital services. Read More

Overview

Mongolia has now become one of the fastest growing countries in the world, and finds itself on the threshold of prosperity. With its vast mineral resources, including copper, gold, and coal, the economy is expected to maintain a fast pace in the years ahead, although vulnerabilities remain. If carefully managed, this growth could substantially reduce poverty and lead to Mongolia’s emergence as a middle-income country.

Based on its country partnership strategy (CPS) for Mongolia, 2012- 2016, and consistent with government priorities, ADB will foster a sustainable and inclusive growth process that benefits all Mongolians. Assistance will focus on transport, energy, and water supply infrastructure; access to education and health; and regional economic cooperation.

Fast Facts

2.83 (2012)
Population in millions

1.7% (2010-2012)
Annual population growth rate

29.8% (2011)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
61.90 / 6.48
Agriculture (4)
 
62.50 / 6.55
Education (5)
 
93.80 / 9.83
Energy (4)
 
104.19 / 10.91
Finance (9)
 
140.02 / 14.67
Health (8)
 
65.00 / 6.81
Industry and Trade (3)
 
40.50 / 4.24
Public Sector (3)
 
324.53 / 34.00
Transport and ICT (11)
 
62.13 / 6.51
Water Supply (3)
 
954.57 / 100.00
TOTAL (50)
Cumulative as of 31 December 2012