Mongolia and ADB
In the Spotlight
Mongolia began revamping its economy and society in the early 1990s and the Asian Development Bank was an early, trusted partner in this effort.
Mongolia’s economic growth will remain solid in 2018 and 2019, albeit with slight moderation, following a strong performance in 2017 as coal exports and mining investments strengthened, according to a new ADB report.
ADB Sign Projects Worth $207 Million to Improve Air Quality, Education Quality, and Inclusiveness in Mongolia
ADB and the Government of Mongolia signed three loan and one grant agreements totaling $207 million to help improve air quality and quality of life in Ulaanbaatar; sustain people’s access to quality education; and improve inclusivity by providing better opportunities for people with disabilities in the country.
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
- Ulaanbaatar Air Quality Improvement Program
- Modernizing Sanitary and Phytosanitary Measures to Facilitate Trade
- Preparing the Aimag and Soum Centers Regional Development Investment Program
- Implementing Innovative Approaches for Improved Water Governance
- Improving the Screening Program for Viral Hepatitis