Mongolia and ADB
In the Spotlight
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 a new ADB report.
Mongolia began revamping its economy and society in the early 1990s and ADB was an early, trusted partner in this effort. The work continues today.
ADB Begins New Mongolia Partnership with $250 Million to Avert Crisis in Social Services, Banking Sector
ADB's Country Partnership Strategy for Mongolia envisages total assistance of $1.2 billion over 2017-2020, and approved two policy-based loans totaling $250 million. The loans will help maintain funding for social welfare programs for the poor and vulnerable, and stabilize and restructure the banking industry.
Mongolia, with support from ADB, is improving primary health care in remote areas across the country thanks to technological innovations such as e-Health and Telemedicine.
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
- Development of the Health Sector Master Plan, 2019-2027
- Supporting the Development of an Education Sector Master Plan
- Strengthening Systems for Promoting Science, Technology, and Innovation
- Improved Registry System to Strengthen the Delivery of Social Services
Average annual population growth rate in Mongolia (2011-2016)
Maternal mortality ratio in Mongolia, per 100,000 live births (2015)
Population living below the national poverty line in Mongolia (2014)
Population in Mongolia, in millions (2016)