News

ADB starts second eco-tourism project for Mongolia’s national parks

The Asian Development Bank (ADB) and the Government of Mongolia wrapped up one successful eco-tourism project and embarked on a second project aimed to help Mongolia benefit from a boom in domestic and overseas tourists while safeguarding the environment.

Mongolia, ADB sign projects to spur trade, improve hospital services, and upgrade roads

The Asian Development Bank (ADB) and the Government of Mongolia signed loan agreements totaling $103 million for projects that will upgrade border crossing points, complete a district demonstration hospital, and scale up road rehabilitation efforts in the country.

ADB to upgrade two new border crossing points in Mongolia to ease Trade

The Asian Development Bank (ADB) has approved a $27 million loan as additional financing to expand the scope of an ongoing cross-border trade facilitation project in Mongolia, which will now include two new border crossing points.

ADB to help transform two national parks in Mongolia as models for sustainable tourism

The Asian Development Bank (ADB) has approved $38 million in loans to develop ecotourism in Khuvsgul Lake National Park and Onon-Balj National Park to serve as models for economically inclusive development and conservation in Mongolia.

ADB supports private sector solar power development in Mongolia

The Asian Development Bank (ADB) and the Leading Asia’s Private Infrastructure Fund signed an $18.7 million loan with Sermsang Power Corporation Public Company Limited and Tenuun Gerel Construction LLC to build, operate, and maintain a 15-megawatt solar power plant supplying electricity to Mongolia’s central grid system.

ADB President reaffirms support to CAREC at 17th Ministerial Conference

Asian Development Bank President Takehiko Nakao reaffirmed ADB’s support for CAREC and announced $2 billion in new assistance for regional projects in CAREC countries in 2018.

ADB supports first distributed renewable energy system in Mongolia

The Asian Development Bank’s Board of Directors has approved a $40 million loan to develop a 41-megawatt distributed renewable energy system—a first-of-its-kind in Mongolia using a variety of renewable energy technologies to supply power and heating in the remote and less-developed western regions of the country.

CAREC aviation officials discuss regional air cooperation

Aviation officials and airline representatives from 11 member countries of the CAREC Program met in Singapore to discuss potential for enhanced regional air transport connectivity and cooperation.

EBRD donors support infrastructure improvements and economic integration

The European Bank for Reconstruction and Development (EBRD) supports investments into modern energy connections and transport infrastructure from the Western Balkans to Central Asia and the southern and eastern Mediterranean. Furthermore, EBRD has designed several financial instruments to support cross-border trade.

World Bank project aims to help Mongolia diversify exports

The Mongolia Ministry of Finance and the World Bank launched the Export Development Project aimed to help small- and medium-sized enterprises in non-minerals sectors strengthen their export capabilities and boost their access to export markets.