Break out session on Development Partnership - Past, Present and Future starts. The session is moderated by E.Sodontogos, chef, national coordinator, national secretariat for the second compact agreement between the Government Mongolia and Millennium Challenge Corporation of the USA.
The first presentation was presented by the E.Sodontogos, chef, national coordinator, national secretariat for the second compact agreement between the Government Mongolia and Millennium Challenge Corporation of the USA.
She noted that Millennium Challenge Corporation of the USA plays important role in relations between Mongolia and the USA. The first compact agreement has implemented during 2008-2013. It has funded USD 269 million to six project in five sectors. In 2015, Millennium Challenge Corporation decided to implement the second compact agreement. It will take more than two years to make the assessment and economy research. Following Mongolian side will establish millennium challenge account. Therefore the second compact agreement is expected to start implementing in 2018. During its mission in Mongolia, MCC gained experience in working with private sectors. Due to everything has not finalized yet, I could not give detailed information.
Issues of concern in scope of the second compact agreement between the Government Mongolia and Millennium Challenge Corporation of the USA:
We have discussing on concerning the 1, 2 and 4th issues.
The second speech was delivered by the Robert Shoellhammer, country director of the ADB. He cited that Mongolia must think carefully about how the nation is getting the values out of all these investments or aid.
Following Beate Trankman, UNDP Resident Presresentative, United Nations Resident Coordinator cited that Mongolia needs better governance system, resources distribution and policy alignments with target objectives. UNDP will support the integrated financing assessments. The government should find ways to expand the partnerships with more organizations in more broad sectors.
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