Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. Read More

CAREC Transport and Trade Facilitation Strategy 2020

The Transport and Trade Facilitation Strategy 2020 of CAREC is anchored on a more integrated approach to improving transport and logistics infrastructure in Central Asia, and promoting trade and transport facilitation. Read More

ADB's Assistance to Bring Improvements to Ulaanbaatar's Ger Areas

ADB will provide $163.7 million to help upgrade basic infrastructure and services in peri-urban areas of Ulaanbaatar, also known as ger areas, where a majority of the city’s poor residents live. 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