ADB: ADB, Mongolia Sign Agreements to Support Ger Areas Development and Deepen Financial Services

The Asian Development Bank (ADB) and Mongolia’s Ministry of Finance today signed two grants to improve urban services in Ulaanbaatar’s ger areas and to improve financial services for the low income households. “The new ADB project will be the single largest investment to create jobs and improve livelihoods in Ulaanbaatar’s rapidly expanding ger areas. The grant to the Financial Regulatory Commission will help improve the performance of savings and credit cooperatives and provide modern financial education. Both grants will help Mongolians to ensure a more secure and prosperous future,” said Robert Schoellhammer, who signed the agreements on behalf of ADB. Mr. S. Bayartsogt, Minister of Finance, signed the agreements at State House in Ulaanbaatar on behalf of the Ministry of Finance. To read the full article, click hereADB, Mongolia Sign Agreements to Support Ger Areas Development and Deepen Financial Services

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