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2025/07/15
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MEETING WITH VICTORIA KWAKWA, WORLD BANK VICE PRESIDENT FOR EAST ASIA AND PACIFIC

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2020/01/13 3:05:03
MEETING WITH VICTORIA KWAKWA, WORLD BANK VICE PRESIDENT FOR EAST ASIA AND PACIFIC

President of Mongolia Khaltmaagiin Battulga received Victoria Kwakwa, Vice President for East Asia and Pacific of the World Bank, and Andrei Mikhnev, Country Director for Mongolia, today.

According to a study jointly taken by the National Statistics Office of Mongolia and the World Bank, poverty rate in Mongolia stands at 28.4 percent, and the sides agreed that it indicates a relatively high level of poverty and represents a lack of inclusion in the economic growth.

President Battulga expressed his view saying that “Over the last few years, we have made considerable progress in terms of developing infrastructure and boosting road transport and electricity supply in not only Ulaanbaatar, but the provinces as well, and it has contributed to slowing down internal migration and expediting rural development. But the implementation of large-scale projects that will increase herding household income will reduce poverty levels more effectively,” and gave in-depth information on certain projects and programs to Ms. Kwakwa.

For her part, Vice President Kwakwa expressed the World Bank’s interest in the fact that there are completed feasibility studies for projects aiming to process and export products such as meat, leather, and wool and cashmere, which are the income sources of more than 180 thousand herding households, and that a trial export of certain products has already been launched. The Vice President then instructed Country Director Mikhnev to gain familiarity with the projects, while expressing willingness to work towards coordination of these projects with ongoing projects and discuss and support some regional projects with corresponding World Bank directors.

At the end of the meeting, the sides expressed mutual appreciation of the opportunity for holding a detailed discussion at the time when the World Bank is determining the scope of its partnership with Mongolia in 2020-2024 and negotiating the terms of bilateral strategic document and affirmed mutual commitment to implementing the above-mentioned projects that aim to reduce poverty levels and promote the development of non-mining sectors.

FEATURED

  • 2025/07/13 12:36:49President of Mongolia and the Emperor of Japan Attend Soyolon Race at Khui Doloon Khudag
  • 2025/07/09 6:27:20Their Majesties the Emperor and Empress of Japan Visit General Education School in Ulaanbaatar
  • 2025/07/09 3:26:24His Majesty the Emperor of Japan Visits Mongol Koosen Technology College
  • 2025/07/08 10:21:56Their Majesties the Emperor and Empress of Japan Visit Memorial Complex for Japanese Nationals
  • 2025/07/08 10:17:01President of Mongolia and First Lady Hold Official Meeting with Their Majesties the Emperor and Empress of Japan
  • 2025/07/08 10:09:13Their Majesties the Emperor and Empress of Japan Officially Welcomed
  • 2025/07/07 4:46:58His Majesty the Emperor of Japan Introduced to Gachuurt Water Source Project
  • 2025/07/07 4:28:01His Majesty Emperor Naruhito of Japan Visits Chinggis Khaan National Museum
  • 2025/07/06 4:28:42His Majesty Emperor Naruhito and Her Majesty Empress Masako of Japan Arrive in Mongolia on a State Visit
  • 2025/06/22 1:54:03President of the Republic of Uzbekistan to Pay a State Visit to Mongolia

GALLERY

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687241052527f
2025/07/13 12:36:49President of Mongolia and the Emperor of Japan Attend Soyolon Race at Khui Doloon Khudag
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515872835_755323223698206_7412016362952339814_n
2025/07/09 6:27:20Their Majesties the Emperor and Empress of Japan Visit General Education School in Ulaanbaatar
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686e1491770f3
2025/07/09 3:26:24His Majesty the Emperor of Japan Visits Mongol Koosen Technology College
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516556895_1401492031157754_9116450663623651940_n (1)
2025/07/08 10:21:56Their Majesties the Emperor and Empress of Japan Visit Memorial Complex for Japanese Nationals
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515153697_1094120232617147_4756120391160394512_n
2025/07/08 10:17:01President of Mongolia and First Lady Hold Official Meeting with Their Majesties the Emperor and Empress of Japan
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