Mongolia provides an important example to others in East and Central Asia, as well as other parts of the region, on how to manage an economic transition from a centrally planned to a free market economy within a democratic political framework.
The United States values Mongolias contribution to stability in a potentially volatile part of the world, its positive example in promoting economic reform and democracy, and its visible support for the war on terrorism.
USAID promotes private sector-led economic growth in Mongolia by sup-porting legal and regulatory reforms that are conducive to private invest-ment and enterprise development at the sector and firm level.
Mongolia was proclaimed an independent state in July, 1921, and remained a monarchy until the Living Buddha died in 1924.
Mongolia's position shifted during the 1980s, however, and it established diplomatic relations with China in 1986 and with the United States a year later.
In the first half of 1996, Mongolia was beset by wildfires that raged for more than three months and scorched 41,000 sq mi (106,000 sq km) of forest and rangeland.
Feeds |
Contact
