▲ Up
05:51 19-10-2017
АКИpress CA-News Tazabek Turmush
Mongolian President and ADB Country Director discuss partnership
18:00, 28 September 2017, 1035

AKIPRESS.COM - The Asian Development Bank’s (ADB) Country Director in Mongolia, Yolanda Fernandez Lommen, last week paid a courtesy call to the President of Mongolia, Battulga Khaltmaa, to discuss ADB’s partnership with the country and planned operations, ADB said on Thursday.

Ms. Fernandez Lommen extended her congratulations to the President on his appointment and presented him with a copy of the recently published ADB 50th anniversary history book, Banking on the Future of Asia and the Pacific: 50 Years of the Asian Development Bank.

She introduced ADB’s new Country Partnership Strategy, 2017-2020, for Mongolia that will guide ADB’s future investments, policy reform support, capacity building, and knowledge sharing in the country. Support will focus on three core pillars of activity. The first pillar is economic and social stability, a major part of which is to support macroeconomic stability while maintaining progress on social development. The second pillar is infrastructure for economic diversification, and the third pillar is strengthening environmental sustainability.

“Our jointly planned operations will foster economic diversification, job creation, and increase the efficiency and delivery of social services,” Ms. Fernandez Lommen said. “To that end, support will be provided to projects that support small- and medium-sized enterprises, in particular, agribusiness; infrastructure that promotes connectivity to facilitate access of Mongolia’s exports to external markets; urban development; and the construction of new schools and modern hospitals, among others. ADB and the Government of Mongolia will also pioneer a project to provide persons with disabilities with skills to integrate themselves in the labor market.”

Recalling his cooperation with ADB as a former Minister of Road and Transport, President Battulga emphasized the improvement of access to remote provinces from the capital city achieved with the assistance of ADB support to road sector projects. Noting that ADB’s continuous assistance is helping Mongolia sustain inclusive growth in a period of economic difficulty, the President expressed his appreciation for ADB’s 26-year engagement in the country.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in cofinancing.

Full access to all news articles in English

1 month2000 somsubscribe
year20000 somsubscribe
These subscription fees are for private individuals only. Please contact us via phone +996 (312) 900-776 or email info@akipress.org for corporate subscription inquiries
17:53 Xi Jinping: 'Time for China to take centre stage'17:36 Kyrgyz, Russian foreign ministers discuss situation in Central Asia17:30 Kyrgyz officer detained with hashish on border with Kazakhstan to be kept in custody for 1 month17:19 Uzbekistan interested in participation of U.S. companies in modernization of country’s industrial enterprises16:26 Ambassador of Uzbekistan to U.S. hands in copies of credentials16:23 "Current fuel reserves will be enough for 1 month:" Association of Oil Traders16:17 Tightening of control on Kazakh-Kyrgyz border in interests of EAEU countries – Kazakh Foreign Ministry16:14 Coal production grows 13.6% in Kazakhstan in 9 months: Statistics Committee15:23 Uzbekistan, Iran foreign ministries sign cooperation plan 2018-201915:16 Tajikistan, Russia emergencies departments sign cooperation plan 2018-201915:05 Tajikistan authorities draw up list of gay and lesbian citizens14:59 Ulaanbaatar designed to accommodate no more than 500,000 people: Mayor14:35 Kazakhstan ready for water discharge from Kirov dam by Kyrgyzstan14:30 Strong wind topples trees in Bishkek14:24 "Fuel purchase price grew by 10-12%:" Association of Oil Traders on impact of fuel crisis in Kazakhstan on Kyrgyzstan14:16 Prime Minister of Kyrgyzstan heads to Kazakhstan13:55 George Soros has given $18 billion to his pro-democracy foundation13:24 About 1000 teachers in Mongolia intend to go on hunder strike over low salaries13:07 Woman gives a name Sooronbai to one of her triplet babies13:02 President Atambayev: “U.S. doesn’t care about democracy in Kyrgyzstan, region, they need chaos and instability”
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06