Wed, Dec 01, 2004 - Page 3 News List

Mongolians' training part of joint worldwide project

By Melody Chen  /  STAFF REPORTER

Fifteen Mongolian businessmen arrived in Taipei last week for a training program in Taiwan's first joint foreign aid project commissioned by an international organization in decades, the Ministry of Foreign Affairs said yesterday.

The European Bank for Reconstruction and Development (EBRD), which has helped build up market economies and democracies in 27 countries from central Europe to central Asia, selected the International Cooperation and Development Fund (ICDF) to carry out the training for the Mongolians, said Lin Chin-chung (林進忠), deputy director of the ministry's Department of West Asian Affairs.

The bank established the Mongolia Cooperation Fund in 2001. Taiwan contributed 1 million euros (US$1.3 million) to the fund last May, becoming the fund's fourth donor. The other three donors are Japan, the Netherlands and Luxembourg.

According to the bank, the fund has been used to assist the development of the private sector in Mongolia and the promotion of commercialization and privatization of state-owned companies.

The 15 Mongolians, all owners or executive managers of small or medium-sized enterprises, started their training sessions in Taipei last Wednesday. The program will finish next Tuesday.

Also see story:

Editorial: Expand the Mongolian experience

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