Ulaanbaatar
Views exchanged on projects to be implemented with ADB funding
Economy
Ulaanbaatar/MONTSAME/. Minister of Finance B. Javkhlan held
a meeting with Director General of ADB’s East Asia Department Teresa Kho, ADB
Country Director for Mongolia Pavit Ramachandran and others on March 10.
During the meeting, the Minister briefed on Mongolia’s
economic situation for 2022 and budget assumptions and spoke about the progress
of ADB-funded projects and issue on establishing General Financing Agreement.
In addition, the parties discussed projects to be implemented with ADB’s
funding in 2022 and 2023 and how the projects would be coordinated with Mongolian
Government’s ‘New Revival Policy’.
Mongolia marks 30th anniversary of its partnership with ADB.
ADB has been Mongolia’s largest multilateral development partner since 1991,
playing a central role in the country’s transformation to a middle-income,
market-based economy. ADB has supported the government’s efforts to
stabilize and restructure the economy, strengthen necessary institutions and
human resources, and build vital infrastructure helping Mongolia successfully
complete the transition process.
To date, ADB has committed USD3.9 billion in cumulative
lending, grant, and technical assistance for projects in agriculture,
education, energy, finance, health, social protection, transport, urban and
rural development, industry and trade, and information and communications
technology.
