Germany pledges EUR 55.4 million for development cooperation projects in 2018-2019Politics
Ulaanbaatar /MONTSAME/ Germany pledges EUR 55.4
million (MNT 162 billion) for development cooperation projects for 2018 and
2019 in the three priority areas energy efficiency, sustainable economic development
The highest pledge in 26 years of cooperation was made during the intergovernmental negotiations on October 09, signing on the protocol. The State Secretary of the Ministry of Finance, S. Narantsogt, and the German Ambassador, Stefan Duppel, opened the negotiations. The German delegation was led by Ms Kathrin Oellers from the German Ferderal Ministry for Economic Cooperation and Development (BMZ).
The new pledge raises the total amount of German development cooperation with Mongolia to over EUR450 million. Since 2016 over EUR 120 million were provided by the German side, showing a clear increase in bilateral cooperation.
With the new pledges successful projects such as the support for Mongolia's protected areas, vocational education and training as well as for the German-Mongolian Institute for Resources and Technology (GMIT) will be continued. A new project to improve air quality and children's health in the Ger areas of Ulaanbaatar through better insulation of school and kindergarten buildings was also agreed upon.