The U.S. Government’s Millennium Challenge Corporation, or MCC, Chief Executive Officer Dana Hyde and Deputy Vice President Fatema Sumar met with Mongolian leaders to discuss development of the country’s new compact and impacts and sustainability from the country’s first compact.
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Promoting Economic Growth in Mongolia
The discussions focused on MCC's approach to reduce poverty through economic growth; the Mongolian government's leadership role in developing a second compact; and the constraints analysis, a key foundation of compact development.
The MCC delegation also congratulated the Mongolian government on the 25th anniversary of its democratic transition and reaffirmed the strong relationship between the United States and Mongolia.
Both Mongolia and the United States agreed that the anniversary marks an occasion for continued cooperation between the two countries, as well as MCC’s commitment to helping Mongolia consolidate its democratic transition by supporting its economic development.
Throughout their week-long visit to Mongolia, the delegation visited projects from the first compact, including the Salkhit Wind Farm, a vocational school in Choir, peri-urban rangeland areas in Tuv aimag, the Choir-Sainshand road, and Hospital #3. They met with local government officials in the Gobisumber and Umnugobi aimags and a wide range of civil society representatives, including women leaders.The delegation concluded its visit with a visit to Ulaanbaatar’s ger district and meeting with the mayor.
In December 2014, the MCC Board of Directors selected Mongolia for the development of a second compact. Currently, MCC and Mongolian officials are conducting an analysis of the country’s economy and constraints to growth.
The Millennium Challenge Corporation is proud to work with Mongolia to sustain the gains it has made towards economic empowerment for all the people of Mongolia.