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.
