Mongolia and ADB

In the Spotlight

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.

Fact Sheet


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Funding Information


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

Download 2014 Basic Statistics