A New Strategy to Support Mongolia

The World Bank Group’s new Country Partnership Strategy (CPS) for Mongolia covers a 5 year period that will see the country experience record growth.

This strategy comes at a pivotal point in Mongolia’s development history. The economy is growing at one of the fastest rates in the world, and the huge copper, gold and coal deposits in the country can catapult it to the ranks of high middle-income countries in record time.

Yet there are also considerable risks on the development path ahead, and ensuring macroeconomic stability and strategic use of natural resource revenues is pivotal in this regard. Exploitation and prosperity today must be sustainable for future generations.

The World Bank Group’s CPS is aligned with Mongolia’s Comprehensive National Development Strategy.

http://documents.worldbank.org/curated/en/2012/01/16244913/mongolia-country-partnership-strategy-period-fy2013-2017#