ADB and Mongolia implement 10 projectsEconomy
Ulaanbaatar /MONTSAME/ Mongolia maintains active cooperation witn the Asian Development Bank in implementing joint projects in Mongolia.
These are the projects on Strengthening Institutional Framework and Management Capacity Project, on Dzud Disaster Response, on Regional Improvement of Border Services, on Southeast Gobi Urban and Border Town Development Project —Additional Financing, on Intelligent Transport Systems Development for Mongolia, on Development of Road Safety Policy and Action Plan, on Strengthening of Public Procurement for Improved Project Implementation, on Supporting Financial Sector Development and Stability, on Sustaining Access to and Quality of Education during Economic Difficulties, and on Upscaling Renewable Energy Sector Project.
The ADB’s assistance has played an important role in transforming Mongolia into a middle-income economy, and ADB’s country strategy for Mongolia has evolved over the years to match the changing needs of the country.
Assistance has been provided to help deepen market-oriented reforms, stabilize and broaden financial markets, establish or rehabilitate key infrastructure, develop agribusiness, improve services in secondary towns and cities, and restructure social services including education and health.
ADB is celebrating 25 years of successful partnership with Mongolia in 2016, and is now Mongolia’s largest multilateral development partner, with cumulative assistance of 2 billion USD in grants and loans. The total approved projects in 2015 alone amounted to 275 million USD, and ADB has an active portfolio of projects totaling 1 billion USD.