ADB Funds $475M for Mongolia

The Asian Development Bank (ADB) has announced $475 million in financing for the Government of Mongolia to implement four major projects aligned with the country’s medium- and long-term development strategies.

The projects include:
1. Improving and Strengthening Provincial Health Services – aimed at enhancing access to quality healthcare in regional areas.
2. Enhancing the Quality and Accessibility of Education During Economic Challenges – supporting educational continuity and inclusiveness during difficult economic periods.
3. Developing Mongolia’s Workforce Skills – focusing on vocational training and skill development to meet labor market demands.
4. Strengthening Mongolia’s Disaster Resilience Capacity – improving preparedness and response systems to mitigate the impact of natural disasters.