DEPUTY PM EXTENDS THANKS TO ADB AND JAPAN

The Deputy Prime Minister, Mr U.Khurelsukh received October 6 the Executive Director of the Asian Development Bank, Mr Koichi Hasegawa, to discuss the implementation of Mongolia-Japan Strategic Partnership Medium-Term Program and ways of activating of bilateral cooperation in.

This year marks the 25th anniversary of the cooperation between Mongolia and ADB. During the past years, the Bank have realized more than 270 credits, non-refundable aid and technical assistance projects totaling USD 1.6 billion and having targeted the healthcare, education, community, finance, infrastructure and urban planning areas.

As the vivid example is, Mr Khurelsukh reffered to the fact that ADB has earmarked USD 150 million for recovering the economy and the budget deficit of Mongolia.

Japan remains as a major donor for Mongolia since 1990, having implemented USD 1.7 billion projects in Mongolia’s social, agricultural and financial sectors. Aside from this, Japanese side has been implementing 33 projects totaling over 60 million US dollars and plans to launch five more for innovation and introduction of latest technologies.

The Deputy PM extended gratitude to ADB and Japan for their consistent support and donations. 

Source:http://en.montsame.mn/politics/deputy-pm-extends-thanks-adb-and-japan