MONGOLIA TO SIGN COMPACT AGREEMENT WITH USA

On December 14, Ms. Fatema Z. Sumar, Regional Deputy Vice President for Europe, Asia, Pacific and Latin America of the Millennium Challenge Corporation (MCC) of the U.S.A. informed the Foreign Minister of Mongolia, Mr Ts. Munkh-Orgil over the phone of the MCC’s Board of Directors decision to include Mongolia in a list of countries eligible to sign the Second Compact Agreement.

Through its Second Compact Agreement, the MCC aims at providing a sustainable and comprehensive solution to a major developmental issue facing Mongolia. Sharing this commitment, the parties are closely cooperating to define the target areas of investment, which are, as of today, identified as increasing bulk water supply of Ulaanbaatar, and improving water supply and sanitation in ger areas.
Following the MCC’s Board of Directors decision to select Mongolia as a Second Compact Agreement eligible country in 2014, by Resolution of the Prime Minister of Mongolia, the Working Group to provide leadership and direction for the development of the Second Mongolia Compact Agreement between the Government of Mongolia and the Millennium Challenge Corporation of the USA, headed by the Minister Ts.Munkh-Orgil was established. The following year, the National Secretariat was set up. The preparations for the signing of the Second compact are underway. While, in general, Mongolia passes the Compact eligibility requirements, the Board noted that it expects Mongolia to demonstrate improved performance in combatting corruption.

The sides are working towards signing the agreement in 2017.

Source:http://en.montsame.mn/politics/mongolia-sign-compact-agreement-usa