Mongolia, a stable and emerging democracy in East Asia, is richly endowed with mineral resources, promising major economic and social benefits for its people. However, the country’s dependence on extractive industries and its underdeveloped manufacturing and services sectors have exposed it to sharp economic fluctuations and weakened its employment generation potential. By successfully addressing these challenges, Mongolia can promote sustainable and inclusive growth, contribute to stability in a rapidly changing region, and transition from a donor-recipient relationship with the United States to one based on commerce and partnership.
After more than two decades supporting Mongolia’s transition to a democratic and market-oriented system, USAID is now focused on promoting a more transparent, reliable and improved business environment and an increasingly diversified private sector that will help to spur equitable economic growth and greater employment opportunities.
Last updated: February 17, 2015