Mongolia constraints analysis report launched

Oyundelger 2017-05-01 06:05

Society

"Mongolia Constraints Analysis Report" is disclosed produced by National Secretariat for the Development of the Second Compact Agreement between the GoM and the Millennium Challenge Corporation.

Mongolia constraints analysis report launched. "Mongolia Constraints Analysis Report" is disclosed produced by National Secretariat for the Development of the Second Compact Agreement between the Government of Mongolia and the Millennium Challenge Corporation (MCC) of the USA with technical assistance from the MCC. According to the report, main constraints of economic growth in Mongolia is related to a weak and unstable macroeconomic environment, inconsistent laws and policies, health impacts of air pollution in Ulaanbaatar, limited and costly access to water in productive sectors and poor communities. Studies have shown that the economic impacts of air pollution range from 18 - 28% of Ulaanbaatar’s GDP and 8 - 13% of Mongolia’s GDP. As for the access to water, costs are significantly higher and consumption significantly lower in ger peri urban districts. This imposes financial, time, health and environmental costs on these communities. Other constraints including education, finance, energy, transport and property rights were not deemed to be binding constraints, but the team recognized significant challenges in each.