The World Bank approved on June 6 a credit of $40.7 million for a digital economy project in Mongolia that would help to provide skills and literacy training to 13,000 civil servants and citizens.
Under the new project, 3,000 new digital jobs will be created for youth and women in Mongolia and 2,000 businesses will be digitalized.
The World Bank also aims to improve the nation’s legal and regulatory environment for building digital trust and cybersecurity.
The digital economy project will help female-owned businesses increase their competitiveness in the global digital market and build resilience for future crises, said Andrei Mikhnev, World Bank country manager for Mongolia.
“This project will provide Mongolian women, persons with disabilities, and rural or remote inhabitants with easy-to-use and efficient digital public services, and allow youths to develop digital skills and access a wider range of jobs,” he said.
The World Bank said its new project would help Mongolia to become a “digital nation” within the next five years, noting that Mongolia’s government successfully provided online public services to citizens and businesses during the COVID-19 pandemic.
