ADB: ADB, Mongolia Agree to New Five-Year Development Plan

The Asian Development Bank (ADB) and the Government of Mongolia have agreed on a new five-year country partnership strategy (CPS) that will provide $740 million assistance to help the country diversify its economic activities and narrow the inequality gap. ADB’s Board of Directors today endorsed the CPS that outlines its support for Mongolia’s efforts to address priority infrastructure gaps, regional economic integration, and access to basic urban services, including water supply, education and health. “As Mongolia approaches the middle-income level, ADB’s support is expected to grow and play an increasingly catalytic role by improving the environment for private sector participation in infrastructure and service delivery, and by addressing policy, regulatory and capacity constraints,” said Robert Wihtol, Director-General of ADB’s East Asia Department. To read the full article, click hereADB, Mongolia Agree to New Five-Year Development Plan

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