World Bank outlines policy recommendations for Mongolia's sustainable development vision

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Ajay Banga 14th President of the World Bank Group | https://encrypted-tbn1.gstatic.com

The World Bank Group has prepared a series of Policy Notes to address a range of issues and provide actionable recommendations for Mongolia's new government, formed in July 2024. These notes aim to assist the government in diversifying and strengthening national assets beyond the mining sector to meet the country's sustainable and green development goals, as outlined in Mongolia’s Vision 2050 and New Recovery Policy objectives.

The report presents eight key policy notes designed to support these objectives:

1. Ensuring Sustainable, Equitable, and Stable Macroeconomic Management

2. Strengthening Governance and Institutions

3. Promoting Private Sector Growth, Financial Access, and Quality Non-mining

4. Enhancing Connectivity, Logistics, and Digital Development

5. Advancing More Sustainable and Inclusive Housing and Urban Development

6. Developing a Technically and Financially Sustainable Energy Sector

7. Building Resilient Human Capital

8. Promoting Agricultural and Forestry Sustainability while Ensuring Food and Water Security and Boosting Economic Opportunities

For further details, the full report can be accessed under the title: "Agenda for Action: Key Policy Recommendations for Mongolia’s Sustainable Development Vision."