Mongolia Social Protection Sector Fact Sheet
Asian Development Bank | June 2017
Abstract
Due to persistent economic volatility, limited diversification, internal migration, and rapid urbanization, Mongolia currently faces rising inequality, expanding informal sector employment, and increasing vulnerability. This requires continuous focus on further improving the country’s social protection and welfare system. Asian Development Bank (ADB) has supported the social protection sector in Mongolia for the past 20 years and has helped to build its foundation. Through a mixture of programs, projects and technical assistance (TA) the bank also helped mitigate the adverse impacts of economic crises, ensure fiscal sustainability, develop welfare systems, and improve social protection services and service delivery. To date, ADB assistance to Mongolia’s social protection sector amounts to $238.19 million comprising five loans of $221.97 million, three grants for $12.94 million, and five TA projects for $3.28 million.
Citation
Asian Development Bank. 2017. Mongolia Social Protection Sector Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/7194.Keywords
Pension Funds
Mutual Funds
Social Equity
Financial Aspects
Fiscal Policy
Social planning
Social policy
Social administration
Social security
Social services
Social welfare
Poverty
Unemployment
Public Financial Management
Financial System
Financial Statistics
Pension plans
Individual retirement accounts
Employee pension trusts
Investment management
Investments
Multiemployer pension plans
Keogh plans
Individual retirement accounts
Pension plans
Employee pension trusts
Pension trusts
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