Mongolia: Development Effectiveness Brief

Published By: Asian Development Bank | Published Date: December, 01 , 2016

The paper mentions that over the 25 years that the Asian Development Bank (ADB) has partnered with Mongolia, the country continues to be defined to a certain extent by its transition to free market reforms. It is a transition that has not been without challenges, marked by periods of rapid growth and moderate progress in poverty reduction, but also punctuated by exogenous shocks such as the 1997 Asian Financial Crisis and the 2008 Global Financial Crisis. More recently, anemic commodity prices and lackluster demand from Mongolia’s biggest trading partner, the PRC, have presented yet more challenges.

Author(s): Asian Development Bank Institute | Posted on: May 10, 2017 | Views() | Download (201)

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