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:
Prior to the coronavirus disease (COVID-19) outbreak, the country’s economic growth averaged 5.9% during 2017–2020, boosted by stronger external demand and a recovery in foreign direct investment.
COVID-19 has put the economy under deep pressure, despite resolute action taken by the Government of Mongolia to contain the virus. Gross domestic product contracted by 5.3% in 2020.
The Tsedenbal plaza in Ulaanbaatar
The Asian Development Bank (ADB) has been Mongolia’s largest multilateral development partner since 1991, supporting the country’s transformation to a middle-income, market-based economy.