Aviation Safety and Security - ADB's Take

Developing safe air transport systems and airports is a critical task for all nations. The complex work requires that small and developing countries work together to pool their resources and expertise. Read More

Stable Growth Outlook for Developing Asia

Developing Asia’s outlook remains on track despite slower-than-expected first-quarter growth in the United States. Read More

KfW, ADB Sign $2 Billion Cofinancing Partnership

German development bank KfW will cofinance with ADB up to $2 billion over 3 years to promote development in Asia and the Pacific, particularly in Bangladesh, India, Indonesia, Mongolia, and Viet Nam. Read More

Food Stamp Program Focuses Aid on Poorest Families in Mongolia

An ADB-supported program is helping Mongolia identify and assist the poorest people in the country. Read More

Overview

ADB has been Mongolia’s largest source of multilateral official development assistance, playing a key role in the country’s impressive transformation from a planned economy to one of the fastest growing market economies in the world, and its emergence as a lower middle-income country.

Mongolia is fortunate to have rich mineral resources. However, development of the mining sector needs to accompany efforts for economic diversification and job creation, as well as social protection of the needy to ensure inclusiveness of growth. Significant investment is needed in business development and infrastructure, supporting job creation leading to better living standards.

Fast Facts

2.89 (2013)
Population in millions

1.8% (2008-2013)
Average annual population growth rate

27.4% (2012)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
79.12 / 6.28
Agriculture (6)
 
89.50 / 7.11
Education (7)
 
93.80 / 7.45
Energy (4)
 
164.19 / 13.04
Finance (12)
 
200.02 / 15.88
Health (13)
 
65.00 / 5.16
Industry and Trade (3)
 
16.90 / 1.34
Multisector (1)
 
40.50 / 3.22
Public Sector (3)
 
383.13 / 30.42
Transport and ICT (14)
 
127.13 / 10.10
Water Supply (6)
 
1,259.29 / 100.00
TOTAL (69)
Cumulative as of 31 December 2013