On February 28, 2023, the Government of Mongolia and the Asian Development Bank (ADB) signed the Framework Financing Agreement for the “Aimags and Soums Green Regional Development Investment Program,” which was subsequently ratified by the State Great Khural (Parliament) of Mongolia upon the Government’s proposal.

The Aimags and Soums Green Regional Development Investment Program consists of four components:

COMPONENT 1 – Construction and Urban Development
COMPONENT 2 – Livestock and Rangeland Management
COMPONENT 3 – GIRAF Fund Management
COMPONENT 4 – Project Management