This year celebrates 25 years of successful partnership of ADB with Mongolia
Mongolia maintains active cooperation with the Asian Development Bank, and 10 more projects are to be implemented.
This year celebrates 25 years of successful partnership of ADB with Mongolia. Mongolia maintains active cooperation with the Asian Development Bank, and 10 more projects are to be implemented. The projects are on disaster resilience, transport system developments, financial sector development and so on. The ADB’s assistance has played an important role in transforming Mongolia into a middle-income economy, and ADB’s country strategy for Mongolia has evolved over the years to match the changing needs of the country. Assistance has been provided to help deepen market-oriented reforms, stabilize and broaden financial markets, establish or rehabilitate key infrastructure, develop agribusiness, improve services in secondary towns and cities, and restructure social services including education and health. ADB is now Mongolia’s largest multilateral development partner, with cumulative assistance of 2 billion USD in grants and loans. The total approved projects in 2015 alone amounted to 275 million USD, and ADB has an active portfolio of projects totaling 1 billion USD.
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