Mongolia, Oct. 16 -- Mongolia has become a donor to the World Bank Group's International Development Association (IDA), with its parliament approving a contribution of MNT 4.8 billion (approximately US$1.3 million), marking a milestone in the country's development journey.Since joining the World Bank Group in 1991, Mongolia has received more than US$1.62 billion in development financing, including IDA support for transport, rural development, health and education. In July 2020, Mongolia graduated from IDA, becoming an International Bank for Reconstruction and Development (IBRD)-only client.Over the past thirty years, Mongolia has significantly reduced poverty and tripled per-capita GDP, reaching upper-middle-income status in 2024. Mongolia'...