USAID Boosts Bilateral Support for Mongolia

Tradional Mongolian tents called ger. The U.S. Agency for International Development signed two strategic agreements with Mongolia to support the Asian country's environment, governance, democracy and economic policy reform iniatives. Photo by: Herry Lawford / CC BY Herry LawfordCC BY

The U.S. Agency for International Development and the government of Mongolia have signed two strategic agreements in support of the Asian country’s economic policy reform, democracy, governance and environment initiatives.

Under the agreements, USAID will provide approximately USD9.5 million worth of grants that will finance the finalization of Mongolia’s economic and financial sector policies, UB Post reports. The grants will also support the modernization of Mongolia’s energy sector through a new project that aims to reduce emissions and promote clean energy use.

The signing of the two agreements marks the 19th year of USAID’s engagement with Mongolia.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.