The World Bank has approved credit to Mongolia aimed at promoting employment worth USD 25 million. Using this loan, the country will implement job creation projects providing new opportunities for people to start and grow sustainable micro-enterprises.  James Anderson, the permanent representative of the World Bank in Ulaanbaatar, introduced the projects being proposed when he met S.Chinzorig, Minister of Labour and Social Welfare.

The Mongolian government is currently focusing on policies for decreasing poverty; these include increasing the number of peope who are receiving food aid to 240 thousand and distributing a total of  MNT 16 billion in cash to those Mongolians living below the poverty level.