ULAANBAATAR (GoGo Mongolia) — On Sep 20, The Asian Development Bank (ADB) and the Government of Mongolia marked the beginning of a $2 million agricultural technical assistance project with a workshop aimed to help agro-processing enterprises improve value chain management so they can better compete with international and national high-value markets and create employment opportunities in agribusiness and rural areas.
“The project is aligned with ADB’s broader strategy to promote economic stability by developing skills and encouraging labor-intensive growth in small- and medium-sized enterprises engaged in agribusiness and tourism,” said Yolanda Fernandez Lommen, ADB Country Director in Mongolia.
About 120 people attended the workshop in Ulaanbaatar, including Bayartulga Lkhagvasuren, State Secretary for the Ministry of Food, Agriculture, and Light Industry, Dorjsembed Batsengee, Director General for the Ministry of Finance, Hiroshi Fukasawa, First Secretary of the Embassy of Japan in Mongolia, and Arai Junichi of the Japan International Cooperation Agency.
The technical assistance project supports the implementation of ADB’s Agriculture and Rural Development Project, which started with a $14.72 million grant in 2009-2015 but has since received an additional $50 million from ADB in September 2015.
The project team has joined forces with agro-enterprises and the Government of Mongolia to seek the improvement of quality and standards for exports and product brand development in areas including wool, cashmere, leather, meat, milk and dairy, apparel, sea buckthorn, and bee farming.
The technical assistance project is funded by the Japan Fund for Poverty Reduction (JFPR), which is financed by the Government of Japan. Established in May 2000, JFPR provides direct grant assistance to the poorest and most vulnerable groups of ADB’s developing member countries while fostering long-term social and economic development. Over the past 17 years, JFPR has supported over 48 projects in Mongolia dealing with poverty alleviation, livelihoods, and the environment.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in cofinancing.
ULAANBAATAR (GoGo Mongolia) — On Sep 20, The Asian Development Bank (ADB) and the Government of Mongolia marked the beginning of a $2 million agricultural technical assistance project with a workshop aimed to help agro-processing enterprises improve value chain management so they can better compete with international and national high-value markets and create employment opportunities in agribusiness and rural areas.
“The project is aligned with ADB’s broader strategy to promote economic stability by developing skills and encouraging labor-intensive growth in small- and medium-sized enterprises engaged in agribusiness and tourism,” said Yolanda Fernandez Lommen, ADB Country Director in Mongolia.
About 120 people attended the workshop in Ulaanbaatar, including Bayartulga Lkhagvasuren, State Secretary for the Ministry of Food, Agriculture, and Light Industry, Dorjsembed Batsengee, Director General for the Ministry of Finance, Hiroshi Fukasawa, First Secretary of the Embassy of Japan in Mongolia, and Arai Junichi of the Japan International Cooperation Agency.
The technical assistance project supports the implementation of ADB’s Agriculture and Rural Development Project, which started with a $14.72 million grant in 2009-2015 but has since received an additional $50 million from ADB in September 2015.
The project team has joined forces with agro-enterprises and the Government of Mongolia to seek the improvement of quality and standards for exports and product brand development in areas including wool, cashmere, leather, meat, milk and dairy, apparel, sea buckthorn, and bee farming.
The technical assistance project is funded by the Japan Fund for Poverty Reduction (JFPR), which is financed by the Government of Japan. Established in May 2000, JFPR provides direct grant assistance to the poorest and most vulnerable groups of ADB’s developing member countries while fostering long-term social and economic development. Over the past 17 years, JFPR has supported over 48 projects in Mongolia dealing with poverty alleviation, livelihoods, and the environment.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members—48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in cofinancing.