DEVELOPMENT COOPERATION BETWEEN GOVERNMETN OF MONGOLIA AND GOVERNEMNT OF REPUBLIC OF KOREA

Author: Development Financing Department

Published date: 13/03/2018


Political Cooperation

Diplomatic relations:

  • 26 March 1990

Diplomacy:

  • Comprehensive Partnership - 2011

Mechanism of Development Cooperation

  • High -level Officials Visit
  • Mongolia-Korea Intergovernmental Joint Committee Meeting on Trade, Economic, Scientific and Technical Cooperation

Economic Cooperation

Cooperation Agreement

  • Arrangement on Technical cooperation between the Government of Mongolia and the Government of the Republic of Korea /1999/
  • Framework Arrangement between the Government of Mongolia and the Government of the Republic of Korea concerning loans from Economic Development Cooperation fund for the years 2011 through 2015 /2011/
  • Framework Arrangement between the Government of Mongolia and the Government of the Republic of Korea concerning loans from Economic Development Cooperation fund for the years 2017 through 2019 /2017/

Type of Official Development Aid

  • Concessional Loan
  • Grant Aid

Counterparts

  • Ministry of Finance and Strategy
  • Export-Import bank of Korea
  • Korea International Cooperation Agency /KOICA/

Priority areas of cooperation

  •  
  • Water Management and Public Health
  • Governance (Public Administration)
  •  

Total amount  of concessional loan

Disbursed total of 88.2 million USD provided by the Government of the Republic of Korea in 1993-2017. 

Total amount of Grant Aid

Government of the Republic of Korea has provided total of 198.0 million USD as a grant in 1991-2016.

Ongoing projects, programs:

Concessional Loans

  • National Diagnostic and Treatment Center Project
  • Renewal of Intercity Bus Fleet Project-1
  • Renewal of Intercity Bus Fleet Project-2
  • ICT Integrated Class Establishment Project

Grant Aid

  •  Project for Capacity building for Mine Hazards Management in Mongolia
  • The project for the medium-term public financial planning capacity building and establishment of related system in Mongolia
  • Project for the Establishment of E-court Services at the Constitutional Court of Mongolia

DEVELOPMENT COOPERATION DEPARTMENT

2018