Germany to fund for Mongolian sustainable development
At the intergovernmental negotiations held in Berlin, the German Ministry of Economic Cooperation and Development (BMZ) has pledged EUR 46,85 million to support Mongolia in the three priority areas “E
Germany pledges MNT 122 billion new funding for sustainable development. At the intergovernmental negotiations held in Berlin, the German Ministry of Economic Cooperation and Development (BMZ) has pledged EUR 46,85 million to support Mongolia in the three priority areas “Energy Efficiency”, “Biodiversity” and “Sustainable Management of Mineral Resources”. BMZ Parliamentary Secretary of State Hans-Joachim Fuchtel highlighted that Germany will assist Mongolia to overcome its current economic, environmental and social challenges and will remain a long term partner to reach the Sustainable Development Goals. Starting with commodity aid 25 years ago both governments agreed in 2011 to cooperate in three priority areas. Germany is already supporting 11 protected areas in the east, northeast and the central part of the country. With the additional pledge provided this November, further areas in the western provinces can be supported. Protecting ecosystems and improving the livelihoods of local people always goes hand in hand. As Mongolia is striving to develop a diversified and sustainable economy where all people benefit from the country’s extractive resources, Germany continues to support the development of long term strategies for inclusive growth, regional development concepts and the strengthening of the legal framework and the judicial system. Together with Switzerland and Australia and supported also by the private sector, Germany very successfully provides support to the vocational training sector. This aims at giving young Mongolians a perspective to find qualified jobs. A significant amount of new funding was pledged to further improve the research and teaching infrastructure of the German Mongolian Institute for Resources and Technology (GMIT). The university was established 2011 to provide Mongolia with highly qualified specialists for the extractive resources sector. Bearing in mind the cold winters and insufficient power supply and distribution, the main goal of cooperation in this priority area is to increase efficiency along the energy value chain.
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