The World Bank, in cooperation with the Government of Mongolia, is successfully implementing transmission line projects aimed at ensuring energy security.
Looking ahead, it is essential to implement energy sector projects and infrastructure initiatives to ease congestion in the capital city through public-private partnerships, as these will serve as key drivers of economic growth. This was emphasized by First Deputy Prime Minister and Minister of Economy and Development Enkhbayar Jadamba during his meeting with Tae Hyun Lee, the World Bank’s Resident Representative in Mongolia.
According to the Ministry of Economy and Development, the two sides exchanged views on priority areas within Mongolia’s medium- and long-term development policies and agreed to ensure intersectoral coordination and to cooperate promptly at the technical level on specific projects.
During the meeting, the parties discussed reforms in strategic sectors that support economic growth, including energy, road transport, and infrastructure, as well as the policies and programs to be implemented in these areas. 
First Deputy Prime Minister Enkhbayar Jadamba underscored the importance of attracting private sector investment to successfully advance sector liberalization and proposed cooperating through innovative instruments, such as World Bank financial guarantees, to strengthen investor confidence and share risks.
World Bank Resident Representative Tae Hyun Lee reaffirmed the institution’s active cooperation with Mongolia in improving the energy sector, agriculture, information technology, and the investment environment, noting that the cooperation directions proposed by the First Deputy Prime Minister align with the strategic partnership between the two sides.
He also commended the establishment of the Investor Protection Center by the Ministry of Economy and Development and expressed support for policies aimed at improving the business environment and assisting investors.
As Mongolia’s construction and industrial activities continue to expand, leading to growing energy demand, the World Bank expressed its readiness to cooperate in supporting initiatives included in Mongolia’s Five-Year Basic Development Plan for 2026–2030.

Published Date:2026-02-06