USAID’s partnership with Mongolia began in 1991, focusing on emergency relief and technical training for Mongolian decision makers on market philosophy, economics and management to assist Mongolians through the first difficult years of economic independence. Since the early 1990s, USAID has promoted economic growth by supporting policy reforms that encourage private sector investment and enterprise development. USAID has worked closely with all parts of the political spectrum to transform Mongolia’s tax structure and improve its investment climate. This has led to a lower tax burden on businesses, increased production and new jobs.
USAID has improved trade policy and has helped broaden and deepen financial markets, improve corporate governance and strengthen the banking sector. From 1999 to 2003, USAID shifted its assistance toward long-term sustainable development, focusing on the energy sector, privatization, strengthening the financial sector, and building an enabling environment for business.
Since 2001, USAID also has contributed to a more accountable and transparent judiciary by improving case management, access to information and automation. Other areas of USAID governance work include anti-corruption and making domestic political processes more competitive and transparent.
Last updated: April 17, 2014