Author: Ministry of Finance
Published date: 06/12/2016
On Friday, November 25th, Minister of Finance B.Khoyilsuren and Ambassador John Austraia from Australia signed a Memorandum of Understanding on Intergovernmental Development Assistance. This document will be the basis for the financing of projects and programs to be implemented by the Government of Mongolia and the legal environment of their regulatory environment.
The first Memorandum of Understanding, which defines the development cooperation, was signed in 1993 and Mongolia has received the Australian Development Assistance Organization. "Over the past 20 years, the impact of the Australian Aid Program on Mongolia has been on the strengths of human resource capacity, especially. The reform of the Memorandum of Understanding has further strengthened the relationship between our two countries. The 45th anniversary of the establishment of diplomatic relations between Australia and Mongolia in 2017, as Australia opens its embassy in Mongolia in 2015, it is considered as a significant step towards strategic relations between our two countries, "said Finance Minister Choyilsuren.
In addition to the Memorandum of Understanding, three sub-contracts have been signed. These include the Australian Government Scholarship Program, the Volunteer, and the Execution Program. "Australia will continue to support Mongolia. The Human Resource Development and the Australian Government's Scholarship Program are most important, said Ambassador Dangtri.
Between 1993 and 2016, a number of programs were implemented under the Australian ODA. For example, education and training programs. The Australian Government Scholarship program has 440 Mongolians in Australia, while the mining sector is improving the management and management of the mining sector. Australian Volunteer for Development, with over 300 Australian experts coming to Mongolia, shared skills and knowledge with the Mongols. In addition, Australia has been funding projects in Mongolia's agricultural development and environmental protection.