ADB introduces new strategy to help Mongolia recover from COVID-19

Source: Xinhua| 2021-09-07 23:31:17|Editor: huaxia
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ULAN BATOR, Sept. 7 (Xinhua) -- The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Mongolia covering 2021-2024 to help the country recover from the COVID-19 pandemic, local media reported on Tuesday.

The new strategy also lays a resilient foundation for inclusive and sustainable growth, the report cited the bank's office in the country as saying.

In the four years, the ADB's operations in Mongolia will focus on three strategic priorities: inclusive social development and economic opportunity; climate-resilient infrastructure; and sustainable, green, and climate-conscious development, the bank said in a statement.

"ADB will build on the strong foundations of past engagement as a leading development partner, while innovating to boost the climate change response, strengthen the business environment, and ensure that the COVID-19 recovery drives lasting reforms in areas such as health and social protection," said Pavit Ramachandran, ADB country director for Mongolia.

"It will retain flexibility to continue to respond to COVID-19 and be ready for emerging priorities," he said.

The CPS is aligned with the Mongolian government's relevant plans to ensure COVID-19 recovery by boosting economic revitalization, job creation, and more inclusive and sustainable development, according to the bank. Enditem

KEY WORDS: Mongolia,ADB,Strategy