The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Mongolia covering 2021–2024 to help the country recover from the coronavirus disease (COVID-19) pandemic and lay resilient foundations for inclusive and sustainable growth.

Under the new strategy, ADB’s operations in Mongolia will focus on three strategic priorities: inclusive social development and economic opportunity; climate-resilient infrastructure; and sustainable, green, and climate-conscious development.

The CPS is aligned with Mongolia’s Vision–2050 and the Government Action Plan, 2020–2024, which aim to ensure the COVID-19 recovery by boosting economic revitalization, job creation, and more inclusive and sustainable development.

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2021 marks 30 years of partnership between Mongolia and the Asian Development Bank.

In that time with ADB’s assistance, the country has taken great strides toward becoming a dynamic and modern economy.

But the COVID-19 pandemic has threatened that progress, pushing up unemployment and poverty rates, endangering the health and well-being of the population, and straining the health system.

Pavit Ramachandran

ADB Country Director for Mongolia

Mongolia’s first priority is to complete the vaccination of its targeted population against COVID-19 and continue a comprehensive health sector response so that it can exit this crisis and put its growth and development back on track.

But in the longer term it needs to diversify the economy away from its dependence on minerals and natural resources while strengthening education, health, and social protection so that all sectors—women, youth, and other marginalized groups—can participate.

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ADB’s new country partnership strategy for 2021–2024 will use investments, policy reforms, capacity building, and knowledge to support the recovery from COVID-19 and lay resilient foundations for long-term inclusive and sustainable development.

Over the next four years, ADB will focus on three priorities:

  • fostering inclusive social development and economic opportunity
  • infrastructure that is climate resilient
  • building resilience through green development

Within these broad priorities ADB will prioritize operations in five areas:

  • gender equality
  • digital transformation
  • private sector participation and public-private partnerships
  • institutional capacity and governance
  • civil society engagement

Tsolmon Begzsuren

Sr. Social Development Officer (Gender), ADB Mongolia Resident Mission

ADB’s approach is towards fewer but bigger programs that will deliver a sustained impact. For example, in education we will focus on skills, and technical and vocational education and training. We also want to boost access to primary and secondary education in light of COVID-19.

Ambitious new projects in transport will cover roads and rail, to reduce congestion and pollution and boost connectivity and safety.

Declan Magee

Principal Country Economist, ADB Mongolia Resident Mission

We will also expand our work in agriculture, natural resources, and rural development. Building resilience will be key across all of these activities. We will step-up our work connecting smaller cities with rural areas, particularly in Mongolia’s west.

ADB is planning policy-based lending to drive forward macroeconomic reform, grants to further push for gender equality, and lending to digitize and improve service delivery.

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ADB will build on the strong foundations of ADB’s past engagement as a leading development partner and use its leadership role among development partners to intensify coordination.

Pavit Ramachandran

ADB Country Director for Mongolia

We will build on our success in facilitating cofinancing, to support innovation, innovating to boost the climate change response, and ensure that the COVID-19 recovery drives lasting reforms in areas such as health and social protection.

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