Ulaanbaatar, July 7, 2025 /MONTSAME/. Deputy Prime Minister and Minister of Economy and Development Uchral Nyam-Osor met with representatives of the European Bank for Reconstruction and Development (EBRD), headed by  Director for Central Asia and Mongolia Hussein Özkan, at the State Palace.

During the meeting, the parties exchanged views on expanding cooperation aligned with the Government’s priority areas. The EBRD emphasized its plan to increase investments in major projects and deepen collaboration with Mongolia.

Mr. Hussein Özkan stated, “Our bank works together to improve governance and the business environment, strengthen regional integration, and support a green and climate-resilient economy. These efforts closely align with Government policies. Moving forward, we see opportunities to expand cooperation in renewable energy, business investment, foreign trade, exports, public-private partnerships, science, technology, and innovation.”

Since 2007, the EBRD has provided a total of USD 2.5 billion in financing to 151 Government and private sector projects in Mongolia, with 93 percent directed toward the private sector, significantly contributing to economic growth and job creation.