Ulaanbaatar
Mongolia and Turkey to renew agreement on developmental cooperation
PoliticsUlaanbaatar /MONTSAME/ Cabinet at its regular meeting, held April 18, decided to submit a bill on ratification of Intergovernmental Agreement on Developmental Cooperation between Mongolia and the Republic of Turkey.
The preceding one--the Intergovernmental agreement on establishing a representative office of the Turkish International Cooperation and Development Agency (TIKA) in Mongolia--was executed in 2004 and ratified by the State Great Khural the same year. TIKA implements its projects and aid programs in over 50 countries, has funded more than 400 projects in Mongolia’s infrastructure, agriculture, tourism, healthcare, environmental protection, education and sciences, with over 30 million USD, in a form of non-refundable aid.
In connection with the due termination of this agreement, the new Intergovernmental Agreement will act as the key legal document that governs the financing of projects to be implemented in Mongolia on the non-refundable aid by the Turkish Government and the activities of the TIKA representative office in Ulaanbaatar.
