Ulaanbaatar
Finance Ministry and European Investment Bank to Sign EUR1 Billion Cooperation Agreement
Economy
Ulaanbaatar, October 14, 2025 /MONTSAME/. State Secretary of the Ministry of Finance of Mongolia Ganbat Jigjid met with Vice-President of the European Investment Bank (EIB) Tereza Czerwińska, who is visiting Mongolia to discuss ongoing cooperation and future partnership opportunities. During the meeting, the sides underlined that expanding bilateral cooperation would make a significant contribution to Mongolia’s sustainable development, infrastructure advancement, and green transition.
The
Government of Mongolia, the European Union, and the EIB will sign a Memorandum
of Understanding on Cooperation to secure EUR 1 billion in financing. The
cooperation will focus on priority sectors, including digital transformation,
climate and energy, transportation, healthcare, and education, and will support
Mongolia’s green and sustainable growth, according to the Ministry of Economy
and Development. The MoU will be signed by EIB Vice-President Tereza Czerwińska
and Deputy Prime Minister of Mongolia Dorjkhand Togmid on October 15, 2025, during the
Mongolia–EU Business and Investment Forum in Ulaanbaatar.
Mongolia
has been cooperating with the EIB since 2014 and has received a total of EUR 144
million in loans and grant financing. Projects being implemented under this
partnership include the Aimag and Soum Regional Green Development Investment
Program, which promotes climate-resilient, low-carbon development, and the
Ulaanbaatar Ger Area Development Program, which supports polycentric urban
planning and infrastructure improvement in ger districts.
