Mongolian President and ADB Country Director discuss partnership
The Asian Development Bank’s (ADB) Country Director in Mongolia, Yolanda Fernandez Lommen introduced ADB’s new Country Partnership Strategy to the President of Mongolia, Battulga Khaltmaa.
Mongolian President and ADB Country Director discuss partnership. The Asian Development Bank’s (ADB) Country Director in Mongolia, Yolanda Fernandez Lommen introduced ADB’s new Country Partnership Strategy to the President of Mongolia, Battulga Khaltmaa. ADB’s new Country Partnership Strategy 2017-2020, for Mongolia will guide ADB’s future investments, policy reform support, capacity building, and knowledge sharing in the country. Support will focus on three core pillars of activity. The first pillar is economic and social stability, a major part of which is to support macroeconomic stability while maintaining progress on social development. The second pillar is infrastructure for economic diversification, and the third pillar is strengthening environmental sustainability. “Our jointly planned operations will foster economic diversification, job creation, and increase the efficiency and delivery of social services,” said Ms. Fernandez Lommen. “Support will be provided to the projects of agribusiness and infrastructure that promotes connectivity to facilitate access of Mongolia’s exports to external markets; and urban development, construction of new schools and modern hospitals, among others. President Battulga emphasized that the improvement of access to remote provinces from the capital city achieved with the assistance of ADB support to road sector projects. Noting that ADB’s continuous assistance helps Mongolia sustain inclusive growth in a period of economic difficulty, Mr President expressed appreciation for ADB’s 26-year engagement in the country.
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