Mongolia Water Compact progress observedPolitics
Ulaanbaatar /MONTSAME/. A delegation from the U.S. Millennium Challenge Corporation (MCC) led by Vice President of Compact Operations Anthony Welcher, visited Mongolia from November 10 to November 13, 2019 to observe the progress of the Mongolia Water Compact.
During the visit, the delegation received updates on the status of Compact requirements which the Government of Mongolia is working to fulfill in order for the implementation of the program to begin. The Mongolia Water Compact seeks to assist the Government of Mongolia in meeting the projected demand for water of residential consumers and commercial industrial users in Ulaanbaatar.
MCC officials met with Foreign Affairs Minister Tsogtbaatar and Finance Minister Khurelbaatar to exchange views on the status of preparations for compact implementation.
The Millennium Challenge Corporation is an independent U.S. government agency working to reduce global poverty through economic growth. Created in 2004, MCC provides time-limited grants and assistance to poor countries that meet rigorous standards for good governance, from fighting corruption to respecting democratic rights. Learn more about MCC at www.mcc.gov.
In 2014, MCC’s Board of Directors announced Mongolia as an eligible country for the second compact agreement. The Government of Mongolia and MCC signed a $350 million MCC Mongolia Water Compact on July 27, 2018 to address imminent bulk water supply shortage.