Program Implementation Agreement of MCC Compact Agreement signed www.montsame.mn
Ulaanbaatar /MONTSAME/ Minister of Foreign Affairs and Chairman of the Board of Mongolia Millennium Challenge Corporation D.Tsogtbaatar met with Ms. Caroline Nguyen, MCC’s Managing Director for Europe, Asia Pacific and Latin America.
At the meeting, Foreign Minister D.Tsogtbaatar signed Program Implementation Agreement of Compact Agreement. This is a documentation, which regulates issues such as implementation of MCC Compact Agreement, the sides’ roles and participation and tax exemption. Signing the agreement, the objective to ensure preparation of implementation of Compact Agreement has fulfilled, the sides noted.
During the meeting, Ms. K.Nyugen officially introduced Mr. Alex Russin, who will work as MCC Resident Country Director for Mongolia in terms of implementation of the agreement.
The Millennium Challenge Corporation of the United States established USD 350 million MCC Water Compact Agreement with the Government of Mongolia on July 27, 2018. By realizing the Compact Agreement, it is estimated that water supply of Ulaanbaatar city to be increased up to 80 percent.
Published Date:2019-03-06