ADB President Announces Up to $1.3 Billion in Planned Financing for Mongolia
Mongolia, Oct. 1 -- Asian Development Bank (ADB) President Masato Kanda met President Khurelsukh Ukhnaa during a visit to Mongolia, where he announced plans to invest $1.3 billion in the country by 2027. As part of that effort, ADB signed three loan agreements this week totaling $455 million to modernize provincial health services, protect access to education during economic pressures, and strengthen Mongolia's disaster preparedness. President Ukhnaa also conferred the Friendship Medal of Mongolia on President Kanda in recognition of his and ADB's significant contributions to Mongolia's development since 1991. Mr. Kanda will meet Prime Minister Uchral Nyam-Osor at the State Palace, after meeting Finance Minister Mendsaikhan Zagdjav at Marsh...
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