29 окт. 2011 г.

USA to grant aid of USD602 million to Mongolia

Frontiersinsight 
Finance Minister S.Bayartsogt, US Ambassador to Mongolia Jonathan Addleton and representative of US Agency for International Development (USAID) Chuck Hovell signed change of intergovernmental agreement of the USA and Mongolia in the Government House on Friday.
The USA will additionally grant USD6.2 million in frame of development aid to Mongolia. The change of the agreement has focused to aid USD4,3 million to support of economic growth including help to private sector and increase its competitiveness intensifying economic strategic policy.
USD1.9 million will finance a project “To Strengthen Transparency and Governance” with the aim of increasing the Government transparency and responsibility along administration reform, corruption fight and judicial strengthening.
The U.S Government has been assisting Mongolia in deepening the democratic reform and forming the free-economic system. Since 1991, the USAID has granted financial aid of amount USD 214 million. The intergovernmental agreement on granting non-refundable aid of USD 285 million from the US Millennium Challenge Account was signed in 2007, and it has been realized so far.

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