MCC’s five-year, $285 million compact with Mongolia came to an end in September—but our cutting-edge approach to development will live on.
The Government of Mongolia recently announced an initiative that validates MCC’s model: It will integrate management and business practices from MCA-Mongolia into its National Reformation Committee (NRC) to help sustain compact projects, as well as develop and oversee the implementation of future development projects.
The Government of Mongolia recently decided to invest $1.5 billion to further develop such sectors as transportation, agriculture, land, natural resources, health, vocational education, energy, technology, and green development to spur economic growth. These national programs require forward-thinking design and implementation, and the Mongolian government recognized that our model is a good example of smart development programming. MCC emphasizes pro-investment policies, solution-led approaches and innovation.
Building upon MCC and MCA-Mongolia’s example, the government plans to base new development projects on sound economic logic, using the economic rates of return analysis championed by MCC, as well as implement transparent and competitive procurement processes. Mongolia is also adopting MCC guidelines for gender integration, environmental and social assessment and rigorous monitoring and evaluation of projects.
Moreover, Batbaatar Bayangerel, the MCA-Mongolia Acting Chief Executive Officer, accepted a leadership role within NRC and will help oversee its new approach to development.
This kind of influence often doesn’t receive as much attention as other facets of our relationship with partner countries, but it is just as important. By adopting MCC’s approach, countries position themselves to make their future development more beneficial to their citizens and to sustain the impact. And for MCC, it means one of our core principles—helping countries be the drivers of their own development—will continue to have an impact long after we leave.