Mongolia: Social Protection Sector Fact Sheet
Abstract
Description
ADB has supported the social protection sector in Mongolia for the past 20 years and has helped to build its foundation.
Due to persistent economic volatility, limited diversification, internal migration, and rapid urbanization, Mongolia currently faces rising inequality, expanding informal sector employment, and increasing vulnerability. This requires continuous focus on further improving the country’s social protection and welfare system. Through a mixture of programs, projects and technical assistance (TA) the bank has helped Mongolia mitigate the adverse impacts of economic crises, ensure fiscal sustainability, develop welfare systems, and improve social protection services and service delivery.
To date, ADB assistance to Mongolia’s social protection sector amounts to $238.19 million comprising five loans of $221.97 million, three grants for $12.94 million, and five TA projects for $3.28 million.