Press Release: EU increases aid to Mongolia between 2007 and 2010 to EUR 14 million

Commissioner for External Relations and European Neighbourhood Policy Benita Ferrero-Waldner met with the Mongolian Foreign Minister Nyamaa Enkhbold in the margins of the ongoing 8th ASEM Foreign Ministers meeting in Hamburg on 29 May 2007. They discussed EU-Mongolia relations and signed a Memorandum of Understanding (MoU) that endorses the new Mongolia Multiannual Indicative Programme for 2007-2010. Mongolia is the first Asian country to sign such a MoU. €14 million (up 17% from previous allocation) are earmarked primarily for rural development programmes.