Mongolian Farming Sector Gets Foreign Aid

The Asian Development Bank and the Japanese government will grant a combined USD16.72 million to strengthen Mongolia’s agribusiness sector. The project seeks to make local farm products competitive in international markets and improve agricultural infrastructure and services in rural areas. “Consumers increasingly demonstrate a willingness to pay a premium for quality products that are authentically, ethically and ecologically produced,” said Mandar Jayawant, senior country economist with ADB’s Mongolia Resident Mission. (“ADB, Japan to Help Mongolia Develop High Value Farm Products” - Asian Development Bank, Sept. 29, 2008)