Mongolia to focus on recovery from COVID-19
On September 6, the Asian Development Bank has launched a new country partnership strategy for Mongolia covering 2021–2024 to help the country recover from the COVID-19 pandemic and lay resilient foun
On September 6, the Asian Development Bank has launched a new country partnership strategy for Mongolia covering 2021–2024 to help the country recover from the COVID-19 pandemic and lay resilient foundations for inclusive and sustainable growth. ADB will support Mongolia in helping those affected by the COVID-19 crisis to recover and to fulfill their potential by giving them better access to finance, jobs, health, and skills. ADB will also strengthen resilience, including macroeconomic resilience, and ensure the sustainable use of resources and green development. It will work closely with the government to meet Mongolia’s nationally determined contributions on climate change and secure a greener future for Mongolia, in particular through a gradual shift away from coal, adoption of better livestock practices, and a transition away from the intensive resource use that characterized much of Mongolia’s development. The Mongolia’s Vision–2050 and the Government Action Plan, 2020–2024, which aim to ensure the COVID-19 recovery by boosting economic recovery, job creation, and more inclusive and sustainable development.
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