Millennium Challenge Account
Following the Millennium Challenge Corporation awarded Mongolia a $285 million aid program, the Presidents of the two countries signed an MCC Compact Agreement on October 22, 2007. The Mongolia Compact directed strategic investments to increase economic activity through secure and registered land titles in urban areas, sustainable utilization and management of rangelands in peri-urban areas, and improved vocational and technical training.
The Compact also made investments to help the Mongolian people become healthier and more productive as they enter the marketplace, to improve urban air quality by increasing the adoption of energy efficient products and homes in the “Ger” districts of Ulaanbaatar and support the development of renewable energy, and to improve the road in the critical north-south economic corridor that stretches from Russia to China through Mongolia.
The Mongolia Compact has been successfully completed on September 17, 2013.
For more information about MCA in Mongolia, please click here.