State Secretary of the Ministry of Finance of Mongolia Ganbat Jigjid met with Vice-President of the European Investment Bank (EIB) Tereza Czerwińska, who is visiting Mongolia to discuss ongoing cooperation and future partnership opportunities, Montsame reported.
The sides underlined that expanding bilateral cooperation would make a significant contribution to Mongolia's sustainable development, infrastructure advancement, and green transition.
The government of Mongolia, the European Union, and the EIB will sign a Memorandum of Understanding on Cooperation to secure 1 billion euros in financing. The cooperation will focus on priority sectors, including digital transformation, climate and energy, transportation, healthcare, and education, and will support Mongolia's green and sustainable growth, according to the Ministry of Economy and Development.
The MoU will be signed by EIB Vice-President Tereza Czerwińska and Deputy Prime Minister of Mongolia Dorjkhand Togmid during the Mongolia–EU Business and Investment Forum in Ulaanbaatar on October 15.
Mongolia has been cooperating with the EIB since 2014 and has received a total of 144 million euros in loans and grant financing. Projects being implemented under this partnership include the Aimag and Soum Regional Green Development Investment Program, which promotes climate-resilient, low-carbon development, and the Ulaanbaatar Ger Area Development Program, which supports polycentric urban planning and infrastructure improvement in ger districts.

Published Date:2025-10-15