Deputy Prime Minister Ya.Sodbaatar yesterday held a virtual meeting with ADB Country Director for Mongolia Pavit Ramachandran, exchanging views on non-refundable aid and technical assistance projects and programs that are included in partnership strategy to be co-implemented with Mongolia in 2021-2024.
ADB has provided financing of USD 3.2 billion to Mongolia in the past 28 years and tangible results have been made in numerous areas including education, health, society, finance, infrastructure and urban planning.
During the meeting, Deputy PM expressed gratitude on issuing loan worth USD 158.8 million targeted to preventing and taking responsive measures against the pandemic, reducing negative impacts of the pandemic on the economy, budget and vulnerable groups as well as promptly launching six projects and programs with non-refundable aid in cooperation with the Mongolian Government.
Further, the parties agreed to submit proposals on necessary measures amid the coronavirus pandemic, social and economic policies and reviving the economy and ongoing and further planned projects and programs by affiliated agencies of the Deputy Prime Minister of Mongolia and actively cooperate in expanding mutually beneficial partnership.
