ADB sees Mongolia Developing “Middle Income” Economy

ADB sees Mongolia Developing “Middle Income” Economy

Click here to veiw the original Newsletter!

The UB Post published an excellent interview this week with Amy Leung, the Asian Development Bank’s (ADB) Director General for East Asia. I encourage you to read the whole thing.

In the interview Ms. Leung explains ADB operations and plans for Mongolia. According to the plan laid out by ADB, economic diversity is the priority for Mongolia. The three main areas of operations in the country are economic diversification, social stability, and environmental sustainability, these include activities and investments in road development, growth in Ger areas, and improvements in the healthcare sector.

ADB’s current operations in Mongolia include 1.15 billion in loans and grants over at least 29 active projects. A big portion of this goes toward environmental and air quality improvement initiatives.

In the Ger areas, the ADB’s activities help to provide basic services such as water and sanitation, heating and roads, this is coupled with new emphasis on affordable housing.

ADB’s goals going forward are for a clean, diverse and livable middle income economy which will have some capacity for self-sustainment beyond exports of mining products.

English English Монгол Монгол