Cooperation projects discussed with WB Vice President

2020-10-26 15:07:03

Ulaanbaatar /MONTSAME/ Minister of Finance Ch.Khurelbaatar on October 22 had a virtual meeting with World Bank’s Vice President for East Asia and Pacific Victoria Kwakwa, Global Director for Finance, Competitiveness and Innovation Alfonso Garcia Mora, Country Director for Mongolia Martin Raiser, and Country Manager for Mongolia Andrei Mikhnev.

The Ministry reported on the economic challenges brought by COVID-19, government measures, and the budget assumption for 2021 at the meeting and the sides exchanged views on projects they can implement under the Bank’s Mongolia Country Program for the next five years, which is currently under development.

Ms. Victoria Kwakwa expressed pleasure with the continuity of the Government’s policies and activities and said the Bank is ready to cooperate in taking major steps within the new government policies and strategies. She also congratulated the Government on preventing local transmissions of COVID-19 to this day through timely and appropriate measures, underlining that the country’s Human Capital Index Score (61%) is above both regional (58%) and global average (56%).