In Mongolia, the Bank has been working closely with the government to address the challenges brought by the COVID-19 pandemic.

In the health sector, Mongolia was included in the WBG’s first batch of COVID-19 health emergency support operations. The Mongolia COVID-19 Emergency Response and Health System Preparedness project, with a total financing of US$26.9 million, will help the country meet emergency needs in the face of the pandemic and better prepare for future health crises.
In addition, US$2.2 million has been mobilized under the ongoing E-Health project to purchase the most needed medical diagnostic equipment.
Under the Strengthening Governance in Mongolia Project, funded by the European Union, US$750,000 (€ 680,000) has been reprioritized to enable the government to take more targeted just-in-time measures to mitigate the effects of COVID-19, such as assessing the potential economic impact of the pandemic, planning and monitoring of fiscal resources, and better tracking the allocation and expenditure on response measures.
The World Bank is planning to support the economic stimulus package approved by the Parliament on April 9, 2020 and is also looking for other ways to help mitigate the economic and social impact of the COVID-19 crisis in Mongolia and the East Asia Pacific region. The East Asia and Pacific Regional Economic Update (April 2020) analyzes the economic impact of COVID-19 on the region and recommends policy actions countries can take to mitigate the impact, with a particular focus on protecting the poor and vulnerable.