The Board of Directors of the Asian Development Bank (ADB) has approved a loan of USD 25 million to help Mongolia improve its tax administration and public investment management using information and communication technology (ICT).

The project to strengthen ICT systems will support the Mongolian Tax Authority in its tax collection efforts by providing the necessary ICT infrastructure – network, security, computing, and storage – to host it.

The project is part of ADB’s efforts to improve public financial resource mobilization and management in Mongolia. Over the past 25 years, the ADB has implemented about 280 projects and programs in the country worth a total of 1.9 billion dollars in fields such as health, social protection, infrastructure and urban planning. (ADB)