Rural communities to benefit from international project

Odonchimeg 2016-04-06 10:04

Economy

Mongolia significantly benefits from a $34 million program funded by World Bank and Swiss Agency for Development and Cooperation. The program is the third phase of the Sustainable Livelihoods Project and helps make the government funding process more transparent and more responsive to community needs.

Mongolia significantly benefits from a $34 million program funded by World Bank and Swiss Agency for Development and Cooperation. The program is the third phase of the Sustainable Livelihoods Project and helps make the government funding process more transparent and more responsive to community needs. The three-year program gives rural communities a greater role in the government funding process. The project empowers rural communities by providing a transparent mechanism for funding to be transferred to support local development initiatives. The project also supports local economic development by promoting investments for private sector growth in the more than 300 local administrative districts throughout the country.