Additional funding agreement was signed between World Bank and Mongolia

Mar 22 • Agriculture, State Affairs • 468 Views • No Comments on Additional funding agreement was signed between World Bank and Mongolia

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“Animal Indexed Insurance” project is funded by World Bank. “The project is the most successful one than previously implemented or currently running projects. Its effect was clearly shown during the harsh winter of this year.” said Mr. Arshad Sayed. Last week Mr. S.Bayartsogt, Minister for Finance and Mr Arshad Sayed, World Bank Resident Representative, signed on the agreement of continuing the funding.

World Bank will provide additional 10 thousand USD. Also, additional 10 thousand USD is planned for electricity stability of Ulaanbaatar City. World Bank believes that it will contribute to decrease blackout in the city.

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