Mongolia: Supporting Sustainable and Inclusive Integration in the Regional and Global Economy

Sovereign Project | 55210-001

The knowledge and support TA will improve the capacity of Mongolia's non-mining sectors to participate in the global and regional economy. It will complement government efforts to diversify its economy and expand trade by (i) promoting strategic development of border ports and free zones through integrated planning, (ii) enhancing capacity of SMEs to trade including cross-border e-commerce, and (iii) strengthening trade institutions and policy coordination among Mongolian agencies and their counterparts in the PRC through cooperation mechanisms and capacity-building.

Project Details

  • Project Officer
    Lazaro, Dorothea
    East Asia Department
    Request for information
  • Country/Economy
    Mongolia
  • Sector
    • Industry and trade
Project Name Supporting Sustainable and Inclusive Integration in the Regional and Global Economy
Project Number 55210-001
Country / Economy Mongolia
Project Status Proposed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA: Supporting Mongolia's Sustainable and Inclusive Integration in the Regional and Global Economy
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Industry and trade / Industry and trade sector development - Small and medium enterprise development - Trade and services

Gender Equity and Mainstreaming Some gender elements
Description The knowledge and support TA will improve the capacity of Mongolia's non-mining sectors to participate in the global and regional economy. It will complement government efforts to diversify its economy and expand trade by (i) promoting strategic development of border ports and free zones through integrated planning, (ii) enhancing capacity of SMEs to trade including cross-border e-commerce, and (iii) strengthening trade institutions and policy coordination among Mongolian agencies and their counterparts in the PRC through cooperation mechanisms and capacity-building.
Project Rationale and Linkage to Country/Regional Strategy

Economic diversificationa long-standing priority of the governmentis crucial for Mongolia's sustainable growth and inclusive recovery. As part of Vision 2050, Mongolia aims to improve its participation in regional and global value chains by aligning with international quality standards, developing e-commerce, and promoting the private sector's international competitiveness. In December 2021, the government adopted a 10-year medium-term planthe New Recovery Policyto strengthen economic resilience, mitigate the impact of the COVID-19 pandemic, and address multifaceted development barriers._The plan includes priority actions to recover operations of border ports and public productivity.

Established in January 2022, the Ministry of Economy and Development, now has the policy mandate on trade, economic cooperation, border port development, and free zones. As a new ministry of important functions, MED needs TA to implement priority actions under the New Recovery Policy, such as enhancing development plans and capacities of border ports, resolving trade issues through bilateral cooperation, streamlining trade licenses, modernizing border facilities, and developing free zone and cross-border tourism in key border ports. It is important to comprehensively address the issues that limit Mongolia's capacity to participate in global and regional value chains.

Impact

Mongolia's trade increased and export diversification promoted

Outcome

Improved capacity of Mongolia's non-mining sectors to participate in global and regional value chains applied

Outputs

Draft strategic roadmap of key border ports and free zones developed

SMEs' capacity to trade and participate in cross-border e-commerce enhanced

Institutional capacity in designing trade policies and implementing economic cooperation with Mongolia's trading partners strengthened

Geographical Location Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Procurement ADB will engage consultants and carry out procurement following ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions.
Responsible ADB Officer Lazaro, Dorothea
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Ministry of Economic Development
Timetable
Concept Clearance 01 Sep 2022
Fact Finding 11 Aug 2022 to 19 Aug 2022
MRM -
Approval -
Last Review Mission -
Last PDS Update 02 Sep 2022

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Related Publications

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Tenders

No tenders for this project were found.


Contracts Awarded

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Procurement Plan

None currently available.