Mongolia and ADB
In the Spotlight
In Mongolia’s traditional tent communities, more than 290,000 people are healthier and more comfortable due to clean water and modern sewer systems.
ADB has approved a $150 million loan to support reforms needed to sustain and improve the management of social welfare services in Mongolia, such as food stamps or cash transfers, to ensure they deliver maximum impact for the poor, during the period of economic difficulties.
ADB President Takehiko Nakao met with Mongolia’s Prime Minister Saikhanbileg Chimed to discuss ways ADB can support sustainable, inclusive growth in Mongolia, through job creation and diversification of the economy. He also met with Bolor Bayarbaatar, Minister of Finance and ADB Governor for Mongolia.
As a connecting link between Europe and East Asia, Central Asia is set to reap the benefits of burgeoning trade between the two economic giants.
Mongolia’s economic growth has eased from historic highs, driven largely by mining, to more sustainable levels. The economy requires diversification, with corresponding broadening of job opportunities and social protection, to generate inclusive growth. Protection of the environment - including grasslands, forests, rivers, and lakes - is also essential to ensure healthy and productive livelihoods.
ADB assistance in Mongolia works to raise the country’s standard of living by combining effective financing models with best practice knowledge products and services.
Projects in Mongolia
- Improving School Dormitory Environment for Primary Students in Western Region Project
- Solar District Heating Supply in Rural Remote Areas Project
- Strengthening Hospital Autonomy
- Integrated Livelihoods Improvement and Sustainable Tourism at Khuvsgul Lake National Park Project
- Supporting the Credit Guarantee System for Economic Diversification and Employment Project