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Mongolia, 2017–2020—Sustaining Inclusive Growth in a Period of Economic Difficulty

dc.date.accessioned2018-11-25T18:25:59Z
dc.date.available2018-11-25T18:25:59Z
dc.date.issued2017-04-30
dc.identifier.urihttp://hdl.handle.net/11540/8845
dc.description.abstractIn the short-term, Mongolia urgently needs to restore macroeconomic stability to ensure social stability in collaboration with the International Monetary Fund (IMF) and the international community at large. In the longer term, it needs to develop a more resilient and diversified economy that can consistently deliver rapid, inclusive, and sustainable growth. Small and medium-sized enterprises (SMEs) must play a greater role to promote diversification and job creation, particularly in developing value chains for Mongolia’s unique agricultural resources. This, in turn, will require (i) structural reforms to broaden and deepen financial intermediation to enhance access to finance, and (ii) infrastructure investments and regional integration to improve connectivity and access to external markets. Developing a better-skilled workforce and enhancing the quality of life in urban areas will also be critical, and will require further infrastructure investment, policy reform, and institutional strengthening to improve the inclusiveness and efficiency of social service delivery. The economic downturn underscores the need to strengthen social protection. Rapid and unplanned urbanization, poorly regulated development of the mining sector, and climate change impacts are causing significant environmental degradation that needs to be arrested to make growth more sustainable.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.titleMongolia, 2017–2020—Sustaining Inclusive Growth in a Period of Economic Difficulty
dc.typeReports
dc.subject.expertAgricultural And Rural Development
dc.subject.expertDevelopment In East Asia
dc.subject.expertInfrastructure Development Projects
dc.subject.expertInstitutional Development
dc.subject.expertMillennium Development Goals
dc.subject.expertPolicy Development
dc.subject.expertSocial Development Programs
dc.subject.expertSocial Development
dc.subject.adbCultural Development
dc.subject.adbDevelopment Economics
dc.subject.adbDevelopment Issues
dc.subject.adbRural planning
dc.subject.adbAid coordination
dc.subject.adbIndustrial projects
dc.subject.adbInfrastructure projects
dc.subject.adbNatural resources policy
dc.subject.adbEducational development
dc.subject.adbDevelopment Issues
dc.subject.naturalSocial participation
dc.subject.naturalPolitical participation
dc.subject.naturalCommunity banks
dc.subject.naturalBusiness planning
dc.subject.naturalInfrastructure
dc.subject.naturalSustainable urban development
dc.subject.naturalSocial contract
dc.subject.naturalGovernment
dc.subject.naturalCrisis management in government
dc.subject.naturalTransparency in government
dc.title.seriesCountry Partnership Strategy
dc.contributor.imprintAsian Development Bank
oar.themeDevelopment
oar.themeGovernance
oar.themeLabor Migration
oar.adminregionEast Asia Region
oar.countryMongolia
oar.identifierOAR-008390
oar.authorAsian Development Bank
oar.importTRUE
oar.googlescholar.linkpresenttrue


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