The bank has agreed to provide two technical assistance grants totalling $2.5m to help the government improve the water sector and infrastructure in the country.
Yolanda Fernandez Lommen, ADB country director for Mongolia, said: “Mongolia’s future development rests heavily on how it manages its resources and achieve sustainable development, driven by a multisector economy and ecological balance.”
She added that the projects were aligned with the ADB’s support for the government to foster inclusive growth, improve access to services and strengthen environmental sustainability.
The $1m water governance grant will help to improve the effectiveness and sustainability of investments in the water sector and infrastructure to provide socioeconomic benefits, the ADB said.
It will also assess the current water governance standards, provide policy recommendations for legislative and institutional reforms, and develop and update management plans for river basins.
Additionally, the grant will strengthen and build the capacity of government agencies.
The other technical assistance grant of $1.5m is to help the government develop an investment programme to improve basic urban services and promote local economies.
