June 13, 2012 on: Economical

31st May 2012, ULAANBAATAR – Last week Mr Khurenbaatar, Director-General of the Development Financing and Cooperation Department at the Ministry of Finance, signed a Financing Agreement with the European Union which will see it benefit from a 7 million euro project of Technical Assistance, funded by the EU, in support of its Technical and Vocational Education and Training (TVET) sector.

The project will start its implementation in 2013 and will last for five years. Technical Assistance will be provided to strengthen and consolidate the work of the National Agency for Vocational Education and Training (AVET) in order to establish and initiate: An efficient, sustainable and demand-driven TVET sector with attention to rural areas Appropriate quality assurance procedures for assessment and certification This project adds to the already fruitful cooperation between the EU and Mongolia, currently representing a total volume of commitments of more than 25 million euro, mostly in the fields of rural development, access to basic social services and support to small and medium-sized enterprises. A Partnership and Cooperation Agreement (PCA) between the EU and Mongolia, covering all areas of cooperation, including trade, was initialed in 2010 and is expected to be formally signed in 2012.


Please note that this article and / or its accompanying media (picture, video, sound files etc…) has not been written, created or taken by M.A.D. Investment Solutions staff. It is not copyrighted to M.A.D. Investment Solutions nor does the company claim any ownership or rights towards the content and its accompanying media. The above article does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant as a source of information to readers and does not constitute a legal or biding agreement in any way, shape or form. Ownership of the content and its accompanying media remains with its legal owner or contributor but was sourced from Public Domain sources. If you are the owner of this content or its media and would like it replaced or taken out of our website, please contact us on: info@mad-mongolia.com. For contact and comments directly relating to the above article and or its accompanying media, please refer to the source as stated above.

Did you enjoy this article? Please consider sharing it!

Real Estate Mongolia

M.A.D Investment Solutions Office

Sukhbaatar District, 4th Khoroo
Building no 67, Unit 1&2.
Ulaanbaatar, Mongolia

Tel: +976 11 312 500 (Office)
Tel: +976 95 853 377 (English)
Tel: +976 99 770 439 (Mongolian)
Email : info@mad-mongolia.com

Website design and contents copyright @ M.A.D. Investment Solutions 2009 - 2012 - All rights reserved. Disclaimer