The Mongolian government and the bank signed two technical assistance agreements today, which will support the development of long-term sector to meet the goals of Mongolia’s Sustainable Development Vision 2030.

ABD country director Yolanda Fernandez Lommen said the bank wanted to help the government provide better social services.

“Ensuring all major stakeholders are engaged in the development of new health and education sector master plans is one of the key objectives of the project,” she said.

In May, the International Monetary Fund approved a $5.5bn loan package to help rebuild Mongolia’s economy after a fall in commodity prices.

The project will help the health sector access major reforms, define core strategies in priority areas and develop a mid-term expenditure framework as well as financial and investment plans.

It will also provide formal and on-the-job training to help ministry officials and local governments improve policy planning and implementation coordination.

It will help the Ministry of Education, Culture, Science, and Sports and other related institutions manage and coordinate the process of developing, implementing and monitoring an education sector master plan.

The projects are financed by the Japanese government through the Japan Fund for Poverty Reduction, which has supported 50 projects in Mongolia over the past 18 years.