September 23, 2013 on:

Due to closure of the Millennium Challenge Account-Mongolia program on September 17th 2013, the Government of Mongolia issued a decision to close down the Account.


The Millennium Challenge Account-Mongolia (MCA-Mongolia) signed with the Government of Mongolia and  the Federal Government of the United States on October 22nd 2007 to implement  a Compact (Cooperation Agreement) that has been effective since September 17th 2008. 

The Prime Minister of Mongolia, six members of the Government were included in the MCA-Mongolia`s Board of Directors. 

A study shows that Mongolia benefited 270,660,000 US dollars, or 95 percent of the five-year 284,911,363 US dollar Mongolia Compact. The Compact was signed to enable key institutions and infrastructure to better support the country"s growing urbanized, market-based economy and help Mongolians to increase their incomes by becoming healthier and better trained, by using their land assets more productively, and by increasing their capacity to trade with the world. 

The MCA-Mongolia program has implemented six projects over the past five years in Mongolia; the Roads Project, the Property Rights Project, the Peri-Urban Range Land Project, the Vocational and Education Project, the Health Project and the Energy and Environment Project. 

SOURCE OF THIS ARTICLE : News.mn

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