ADB's Work in Mongolia
Shareholding and Voting Power
Number of shares held:
1,596 (0.015% of total shares)
40,710 (0.306% of total membership, 0.470% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
Driven by strong domestic demand, Mongolia has mounted a strong economic recovery since 2017.
The country, however, continues to face long-standing development challenges, including underdeveloped infrastructure, lack of export diversification, underemployment, desertification, and air pollution. Finding solutions to these problems will be essential if Mongolia is to develop a more resilient and diversified economy, and permanently lift out of poverty the 28.4% of the population who are impoverished.
The Tsedenbal plaza in Ulaanbaatar
ADB has been Mongolia’s largest multilateral development partner since 1991, playing a central role in the country’s transformation to a middle-income, market-based economy.