EU and Mongolia signed memorandum on MIP
Ulaanbaatar, Mongolia, /MONTSAME/ On Thursday, November 11, in the State palace ran a signing ceremony of Memorandum of mutual understanding on the Multiannual Indicative Plan /MIP/ between European Union /EU/ and Mongolia for the period of 2010- 2013. The Memorandum has been inked by Finance minister of Mongolia S.Bayartsogt and by Mr Michael Pulch, a deputy head of EU delegation to Beijing at presence of the Ambassadors of EU member-countries in Mongolia.
The MIP 2011-2013 provides the framework for future bilateral cooperation of 5 million euro per year, representing a 40 percent increase of funding to Mongolia as compared to the 2007-2011 period.
According to the Memorandum, EU will grant a non-refundable financial aid worth 15 mln to Mongolia that will be allocated to two major programmes--eight mln euros will be spent on implementing the programme in support of public sector employees' capacities within the objective set by the Governement of Mongolia to adopt European standards in the country, and seven mln. euro programme will be carried out in support of Technical and Vocational Education AND Training.
B.Adiyakhuu
The MIP 2011-2013 provides the framework for future bilateral cooperation of 5 million euro per year, representing a 40 percent increase of funding to Mongolia as compared to the 2007-2011 period.
According to the Memorandum, EU will grant a non-refundable financial aid worth 15 mln to Mongolia that will be allocated to two major programmes--eight mln euros will be spent on implementing the programme in support of public sector employees' capacities within the objective set by the Governement of Mongolia to adopt European standards in the country, and seven mln. euro programme will be carried out in support of Technical and Vocational Education AND Training.
B.Adiyakhuu
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