IFC and partners promote modern livestock technologies in Mongolia to boost productivity

Oyundelger 2019-03-25 04:03

Society

IFC, a member of the World Bank Group, in collaboration with FAO, Mercy Corps, and AmCham Mongolia, launched an initiative to promote modern livestock technologies in Mongolia, thereby boosting the se

IFC, a member of the World Bank Group, in collaboration with FAO, Mercy Corps, and AmCham Mongolia, launched an initiative to promote modern livestock technologies in Mongolia, thereby boosting the sector’s productivity and competitiveness. The initiative will create a first-of-its-kind platform to bring together beef and dairy business leaders, industry experts, and policymakers, who will share their expertise to bolster the country’s livestock sector. Livestock has long been a priority sector for Mongolia because of its contribution to inclusive economic growth and export diversification.  The adoption of modern technologies will allow herders and farmers reach much higher yields. Artificial insemination, for example, allows local dairy farms to supply high-quality milk all year round, ensuring constant cash flow through longer contracts with processors. Cattle farms have also used such technology for better breed purposes, increasing meat output by three times. An inaugural session on ‘Pioneers in Beef and Dairy Development in Mongolia’ was hosted in Ulaanbaatar to mark this partnership. Meanwhile, AmCham Mongolia advocates for opening up of export opportunities of Mongolian agricultural products.