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PRESS RELEASE March 29, 2019

World Bank Appoints New Country Manager for Mongolia

ULAANBAATAR, March 29, 2019 - Andrei Mikhnev, a Ukrainian national, will be the World Bank’s new Country Manager for Mongolia, effective April 1, 2019. Mr. Mikhnev will lead the World Bank policy dialogue with counterparts in Mongolia and manage the country program and the team based in Ulaanbaatar.

Under Mr. Mikhnev’s leadership, the World Bank will continue to support the Mongolian government’s efforts to achieve sustainable and shared growth, reduce poverty and improve public services, working closely with development partners, the private sector, and civil society.

“I am excited to work in Mongolia in the next few years and I look forward to partnering with the government of Mongolia and other key stakeholders in support of the country’s development,” said Andrei Mikhnev. “I believe that the World Bank has the expertise and financial instruments to help Mongolia continue on the path of economic growth and prosperity for all.”

As of March 2019, the Bank's commitments in Mongolia exceeded $230 million, in credits and grants. Projects financed by the Bank cover a diverse range of sectors, including social protection and labor, energy, education, and governance. In addition to financing, the Bank provides analytical and advisory services to help inform the country’s medium and long-term development goals.

Mr. Mikhnev has more than 20 years of international experience focusing on economic development. Most recently, he led the World Bank programs in the Middle East and the Gulf countries aimed at enhancing the competitiveness and private-sector led growth in that region. Prior to that he worked on economic reforms in many countries in Latin America, Sub-Saharan Africa, South Asia, Middle East and North Africa, Europe and Central Asia.

Mr. Mikhnev holds a Ph.D. degree in international economics from Kyiv University. He speaks English, Ukrainian, and Russian fluently.


Tina Puntsag
Marcela Sanchez-Bender
+1 (202) 473-5863