Asian Development Bank and Mongolia: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on Mongolia as well as concise information on ADB's operations in the country and contact information. Mongolia joined the Asian Development Bank (ADB) in 1991. At that time, the country was in flux. Without the financial support from the former Soviet Union, its economy was in crisis. Meanwhile its infrastructure, including power and heating supplies, was on the verge of collapse. ADB provided financial and technical assistance (TA) for projects covering agriculture, education, energy, finance, health, industry, telecommunications, transport, and urban development. Initial support took the form of quick- disbursing program loans and investments in ailing infrastructure sectors.