The Asian Development Bank (ADB) and Japan Fund for Poverty Reduction will provide a grant-in aid of 2.5 million USD to Mongolia.
A Memorandum of Understanding has been signed by officials. 1 million USD of the grant will be dedicated to technical assistance in improving Mongolia’s water system. The remaining 1.5 million USD will be allocated toward the regional development and technical assistance project in the provinces and soums.
ADB’s country director in Mongolia, Yolanda Fernandez Lommen, stated, “Improved water and natural resources management will have substantial impact on Mongolia’s further development. The grant will be closely aligned with the government of Mongolia’s policies and actions to strengthen government services and ensure inclusive economic growth”.
The Asian Development Bank (ADB) and Japan Fund for Poverty Reduction will provide a grant-in aid of 2.5 million USD to Mongolia.
A Memorandum of Understanding has been signed by officials. 1 million USD of the grant will be dedicated to technical assistance in improving Mongolia’s water system. The remaining 1.5 million USD will be allocated toward the regional development and technical assistance project in the provinces and soums.
ADB’s country director in Mongolia, Yolanda Fernandez Lommen, stated, “Improved water and natural resources management will have substantial impact on Mongolia’s further development. The grant will be closely aligned with the government of Mongolia’s policies and actions to strengthen government services and ensure inclusive economic growth”.