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Deputy Prime Minister meets World Bank delegates www.montsame.mn
Ulaanbaatar /MONTSAME/ 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 on April 17, Monday to discuss the Group's new project in Mongolia.
At the beginning of the meeting, the Deputy Prime Minister expressed his gratitude for the World Bank Group's continued support to Mongolia through numerous projects and programs. 2016 marked the 25th anniversary of Mongolia’s membership in the World Bank Group.
In addition to Livestock and Agricultural Marketing project and Third Sustainable Livelihood projects which are currently active, the World Bank Group is to realize an Export Development Project in Mongolia which was approved in July, 2016.
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.
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.
Kh.Aminaa
Published Date:2017-04-18
