The Asian Development Bank (ADB) has launched its new Country Partnership Strategy (CPS) for Mongolia for 2025–2028 to support diversified, inclusive, and sustainable growth.
Over the four-year CPS period, ADB’s operations will focus on three strategic priorities: promoting diversified and inclusive growth; strengthening sustainability and resilience; and advancing empowerment and opportunity. These priorities will be supported by crosscutting efforts to enhance private sector participation, accelerate climate action, strengthen governance and institutional capacity, drive digital transformation, and empower women and girls.
“Our new strategy aligns closely with Mongolia’s national development priorities, including the government action plan,” said ADB Country Director for Mongolia Shannon Cowlin. “It addresses key economic challenges such as the reliance on mineral exports and related macroeconomic vulnerabilities, while supporting private sector development and promoting growth in agribusiness, financial institutions, and renewable energy.”
Under the first priority, ADB will strengthen public sector and macroeconomic management through support for debt management, domestic resource mobilization, sovereign wealth fund development, and state-owned enterprise reform. It will promote private sector growth and access to finance by improving the country’s investment climate, advancing public–private partnerships, strengthening banking sector stability, and supporting critical minerals mining. ADB will also improve regional and domestic connectivity by enhancing transport infrastructure, lowering logistics costs, and facilitating trade.
To advance the second strategic priority, ADB will help improve institutional and policy frameworks for climate action, mobilize sustainable finance, and increase access to green loans and bonds. It will support rural and disaster resilience by developing agribusiness; strengthening food security; protecting the environment; and enhancing disaster preparedness, response, and risk financing.
ADB will also invest in sustainable and resilient infrastructure across urban and rural areas. This will include improving urban and transport services in ger areas in Ulaanbaatar, as well as aimag (provincial) and soum (district) centers, developing affordable and low-carbon housing, and supporting satellite cities. In the energy sector, ADB will accelerate the energy transition through reforms and investment, support electricity and heat decarbonization, and modernize the power grid through digital technologies.
Under the third priority, ADB will promote empowerment and opportunity by building a skilled workforce, strengthening health services, and advancing adaptive social protection. Education support will focus on technical and vocational training, inclusive foundational learning, and higher education aligned with labor market needs. In health, ADB will support hospital governance, primary care, emergency services, and the development of regional hospitals and health centers. Social protection efforts will include system reforms, better data for targeting, adaptive strategies, and labor market programs to reduce dependence on cash assistance.
In the four-year CPS period, ADB will continue to play a leading role in supporting Mongolia’s sustainable development through strong coordination across its sovereign, nonsovereign, advisory, and knowledge operations, and by maintaining close collaboration with development partners across all sectors.
ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—50 from the region.

Published Date:2025-05-21