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Events
PM receives World Bank and EBRD officials www.news.mn
Prime Minister J.Erdenebat received Bert Hoffman, Country Director for Mongolia of World Bank yesterday (26th of September). At the meeting they discussed Mongolian-World Bank cooperation and the implementation of projects and programmes to improve Mongolian economy growth. In 2016, the 25th anniversary of Mongolia’s membership in the World Bank is being celebrated.
PM J.Erdenebat also met Philip Bennett, First Vice President at the European Bank for Reconstruction and Development (EBRD). They discussed the Bank’s upcoming strategy for investing in Mongolia, the EBRD’s current work and the pipeline of potential projects.
Philip Bennett is visiting Mongolia to mark the 10th anniversary of EBRD investment in the country. Since the start of its operations in 2006, the EBRD has invested €1.4 billion in the country, almost entirely in private sector development. The EBRD is currently considering broadening its scope of investment to the municipal and transport infrastructure sectors.
During his visit, Mr Bennett is also expected to sign the contract for the EBRD’s second wind farm project in the country. The wind farm, to be located in Tsetsii, will be co-financed by the Japan International Cooperation Agency (JICA) and built by a joint venture between Mongolia’s Newcom and Japan’s SoftBank.
This will be Mr Bennett’s second visit to Mongolia as the EBRD’s First Vice President. He also visited the country a number of times before joining the bank.
Published Date:2016-09-27
