Bank loan

Mongolia to improve public services online with $40.7 million World Bank loan

Mongolia will improve its online public services for citizens and businesses, boost digital skills training and increase digital jobs with a major credit from the World Bank.

A bank statement on Tuesday said the $40.7 million credit aims to improve Mongolia’s legal and regulatory environment to build trust and cybersecurity in the use of digital technologies, through the Smart Government II project.

He added that the project is also expected to enable the development of public services, shared use of cloud computing and cybersecurity services in the public sector.

“For the digital economy, the project will provide skills and literacy training to 13,000 civil servants and citizens and create 3,000 new digital jobs for young people and women.

“It will help digitize 2,000 small and medium-sized enterprises (SMEs) to improve their competitiveness and resilience in the global economy.”

Andrei Mikhnev, World Bank Country Director for Mongolia, said it was important for all Mongolian citizens and businesses to benefit from the global digital transformation and their country’s digital development efforts.

“This will help SMEs, especially those owned or led by women, to increase their competitiveness in the global digital market and build their resilience to future crises,” he said.