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Mongolia: Competitiveness for Jobs and Digital Transformation

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Country: Mongolia

Duration: 2021-2022

Themes: Strengthening the Business Enabling Environment

Cross Cutting Themes: Gender, Digital

Anticipated Impact Areas: Quality Jobs, Private Investment, Productivity


The Challenge:

Mongolia’s economy has become highly dependent on commodities exports, especially coal and copper with weak linkages between mining and the rest of the economy.  A stronger foundation for a sustainable recovery from COVID-19 should be based on a more diversified and resilient economy. This requires upgrading the investment climate and implementing programs geared towards innovation such as technology adoption and digitalization to help accelerate firms’ transformation and the creation of more and better jobs. Several recent government initiatives aim to promote an improved regulatory and digital environment for businesses in the country.

The Mission:

C-JET is funding a grant that is being implemented by the World Bank in Mongolia to assess and diagnose key binding constraints to private investment and growth, with a focus on business environment and investment climate, and firms’ digitalization and technology adoption. The grant will also support the drafting of a knowledge product with programmatic and policy recommendations. Through the implementation of these activities and more, this grant aims to support the promotion of jobs and economic transformation beyond mining, and foster productivity growth through technology adoption in line with resilient COVID-19 recovery and the Mongolian government’s initiatives.



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About C-JET

C-JET is an umbrella trust fund, administered by the World Bank, that helps foster the economic transformation needed to enable better jobs for more women and men, sustainably and at scale.
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