Mongolia and ADB
In the Spotlight
ADB has been Mongolia’s largest development partner for more than 25 years. Find out how we’ve been working together with the Government of Mongolia to improve people’s lives.
ADB and the Government of Mongolia signed two technical assistance (TA) agreements totaling $1.6 million to support the preparation of the country’s health and education sector master plans.
Mongolia’s strong economic performance in the first half of 2017 will likely continue for the rest of the year. Continued commitment to macroeconomic stability, coupled with a favorable external environment, should mean that Mongolia’s recovery continues, according to an ADB report.
This country brief emphasizes that ADB’s assistance has played an important role in transforming Mongolia into a middle-income economy, and its country strategy for Mongolia has evolved over the years to match the changing needs of the country.
Mongolia urgently needs to restore macroeconomic stability to ensure social stability, and to develop in the longer term a more resilient and diversified economy that can consistently deliver rapid, inclusive, and sustainable growth.
ADB assistance in Mongolia addresses key development challenges by supporting investments, policy reforms, capacity building, and knowledge sharing to sustain inclusive growth in a period of economic difficulty.
Mongolia is a member of the Central Asia Regional Economic Cooperation (CAREC) Program.
Projects in Mongolia
- Modernizing Sanitary and Phytosanitary Measures to Facilitate Trade
- Improving the Screening Program for Viral Hepatitis
- Implementing Innovative Approaches for Improved Water Governance
- Preparing the Aimag and Soum Centers Regional Development Investment Program
- Community Vegetable Farming for Livelihood Improvement