Project on increasing livestock sector competitiveness to be implemented

2020-04-03 17:15:13

Ulaanbaatar/MONTSAME/.  On April 2, Minister of Finance Ch.Khurelbaatar submitted a bill on ratifying the financial agreement between Mongolia and the International Development Association (IDA) to the Speaker of Parliament G.Zandanshatar.

‘Livestock Commercialization Project for Mongolia’ will be implemented as a second phase of ‘Mongolia Livestock and Agricultural Marketing Project,’ which was implemented in Mongolia in 2013-2017 with the non-refundable assistance of the World Bank.

Aimed to increase the competitiveness and productivity of the animal husbandry, foster exports, develop  veterinary structure and and upskill its personal, the Livestock Commercialization Project will be implemented in Ulaanbaatar city and 250 soums of 14 aimags. Within the project, the key objectives have been proposed as: reduced prevalence of animal contagious diseases by 25 percent, increased yield of livestock products (meat and dairy) by 15 percent, increased value of livestock by 20 percent as well as direct involvement of 20 thousand herders.

The project will be funded with IDA’s credit worth USD30 million through the World Bank. It has a 1.25 percent interest and repayment term of 30 years, of which the moratorium period is five years.