The Asia Foundation was the first nonprofit invited into Mongolia in 1990, and we have played a unique role in the country’s development ever since, supporting the transition to democracy and a market economy. Today, Mongolia is experiencing rapid political, economic, and social transformation. A major priority is to establish the conditions for sustainable and inclusive economic growth. As such, we help strengthen anticorruption efforts, improve governance of cities and citizen engagement, increase gender equality, advance responsible resource use and environmental conservation, and support Mongolia’s multilateral foreign policy engagement.
An incubator for women entrepreneurs
Mongolia has experienced profound changes since its emergence as a democracy, but women still confront unique barriers to economic participation. With pioneering support from the Korean International Cooperation Agency (KOICA), the Mongolian Chamber of Commerce and Industry, Golomt Bank, and Development Solutions, the Foundation and the City of Ulaanbaatar have established Mongolia’s first Women’s Business Center to support women’s entrepreneurship. Since opening in 2016 the Center has already received close to 5,000 visitors, and registered 2,000 entrepreneurs who are learning to access capital, loans, and customers; build networks; and market, manage, and grow their businesses. In June 2017, the WBC opened a new-business incubator, offering state-of-the-art facilities and specially-designed studios for craftsmen, artisans, food-processors, and producers. A four-month, accelerated incubator program for small and startup businesses includes operating space, training and mentoring, and access to a business development fund.
NEWS FROM MONGOLIA
Asia’s urbanizing population
Rapid urbanization is changing where people live and how they get services. Nearly 50 percent of Mongolia’s once-nomadic people now live in the capital Ulaanbaatar, often in unplanned ger areas. These neighborhoods often lack access to sanitation, water, garbage, and electricity due to poor connectivity to the city’s electrical grid, sewage, and heating systems. Our Urban Governance Project funded by the Swiss Agency for Development and Cooperation works with the municipal government to improve its ability to plan and deliver services.
HIGHLIGHTS ACROSS ASIA
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