Strengthening EU–Mongolia Cooperation for a Greener Future

At the first Mongolia–EU Business and Investment Forum in Ulaanbaatar, EIB Global and the Government of Mongolia signed a Memorandum of Understanding that could unlock up to EUR 1 billion in investment for renewable energy, sustainable transport, and modern power networks.

Supported by the European Commission, this partnership aims to accelerate Mongolia’s green transition under the EU Global Gateway strategy and Mongolia’s Vision 2050, promoting clean, affordable, and secure energy for people and businesses.

Finance Ministry of Mongolia and European Investment Bank (October 14, 2025)

Mongolia has been cooperating with the EIB since 2014 and has received a total of EUR 144 million in loans and grant financing. Projects being implemented under this partnership include the Aimag and Soum Regional Green Development Investment Program, which promotes climate-resilient, low-carbon development, and the Ulaanbaatar Ger Area Development Program, which supports polycentric urban planning and infrastructure improvement in ger districts.