Ulaanbaatar
Major Strategic Sector Projects to Be Implemented in Cooperation with the World Bank
Politics
Ulaanbaatar, February 6, 2026 /MONTSAME/. The World Bank has been successfully implementing power transmission line projects in cooperation with the Government of Mongolia to ensure energy reliability.
During a meeting with World Bank Country Manager for Mongolia Taehyun Lee, Deputy Prime Minister and Minister of Economy and Development Enkhbayar Jadamba emphasized the importance of implementing energy sector projects and infrastructure projects aimed at reducing excessive concentration in the capital city through public-private partnerships, noting that these initiatives would serve as key drivers of sustained economic growth.
According to the Ministry of Economy and Development, the two sides exchanged views on Mongolia’s medium- and long-term development policy priorities and agreed to ensure intersectoral coordination and to cooperate promptly at the technical level on specific projects.
At the meeting, the parties discussed reforms, policies, and programs to be implemented in strategic sectors that support economic growth, including energy, road transport, and infrastructure. Deputy Prime Minister J.Enkhbayar underscored the importance of attracting private sector investment to successfully advance sector liberalization and proposed cooperation through innovative instruments such as World Bank financial guarantees to strengthen investor confidence and share risks.
World Bank Country Manager for Mongolia Taehyun Lee reaffirmed the institution’s active cooperation with Mongolia in improving the energy, agriculture, information technology, and investment climate sectors, noting that the cooperation areas proposed by the Deputy Prime Minister are in line with the strategic partnership between the two sides.
He also welcomed the establishment of the Investor Protection Center by the Ministry of Economy and Development and expressed support for efforts to improve the business environment and promote investor-oriented policies.
As Mongolia’s construction and industrial activities continue to expand, resulting in increased energy demand, the World Bank expressed its readiness to cooperate in supporting the initiatives outlined in Mongolia’s Five-Year Development Plan for 2026–2030.
