Ulaanbaatar
Mongolia to sign compact agreement with USA
视频On Wednesday Ms Fatema Z. Sumar, Regional Deputy Vice President for Europe, Asia, Pacific and Latin America of the Millennium Challenge Corporation (MCC) informed the Foreign Minister of Mongolia Mr Ts. Munkh-Orgil
over the phone about the decision taken by MCC’s Board of Directors to include Mongolia in a list of countries eligible to sign the Second Compact Agreement.
Through its Second Compact Agreement, the Millennium Challenge Corporation aims at providing a sustainable and comprehensive solution to a major developmental issue facing Mongolia. Sharing this commitment, the parties are closely cooperating to define the target areas of investment, which are, as of today, identified as increasing bulk water supply of Ulaanbaatar and improving water supply and sanitation in ger areas.
Following the MCC’s Board of Directors decision to select Mongolia as a Second Compact Agreement eligible country, the Working Group headed by Foreign Minister Mr Ts.Munkh-Orgil was set up. The Working Group is to provide leadership and direction for the development of the Second Mongolia Compact Agreement between the Government of Mongolia and the Millennium Challenge Corporation of the USA.
The preparations for the signing of the Second compact are underway and the sides are working towards signing the agreement in 2017.
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