Deputy Prime Minister U.Khurelsukh received Mona Haddad, Practice Manager in WB Group.

Oyundelger 2017-04-18 06:04

Economy

Deputy Prime Minister highlighted the project’s role in contributing to development of export-oriented industry and promotion of Mongolian-made products on foreign markets.

Deputy Prime Minister U.Khurelsukh received Mona Haddad, Practice Manager for East Asia and the Pacific in the World Bank Group’s Trade and Competitiveness Global Practice and discussed the Group's new project in Mongolia. Deputy Prime Minister highlighted the project’s role in contributing to development of export-oriented industry and promotion of Mongolian-made products on foreign markets. Launched by Mongolian Ministry of Finance and the World Bank Group last month, the project will be implemented by the Government of Mongolia in the next 4.5 years, with a USD 20 million credit fund from the International Development Association. The World Bank Group is to realize an Export Development Project in Mongolia which was approved past year. The Export Development Project will support Mongolian small and medium sized firms (SMEs) in the non-mining sectors to strengthen their export capabilities and expand access to export markets.