Ulaanbaatar city, April 26 2023 – MCA-Mongolia took part in the “Second National Forum of Business Ethics and Compliance” organized by Business Integrity Center of the Mongolian National Chamber of Commerce and Industry on April 26, 2023.

At the Forum, aiming to strengthen overall business integrity in Mongolia, representatives from international and local companies and world-class project implementing organizations shared their best practices focusing on fair competition, labour relations and benefits of ensuring business integrity and challenges, and there held panel discussions on each topic. 

At the Forum, aiming to strengthen overall business integrity in Mongolia, representatives from international and local companies and world-class project-implementing organizations shared their best practices focusing on fair competition, labor relations, and the benefits of ensuring business integrity and challenges. There were panel discussions on each topic. 

Mr. B.Batbayar (A State Honored Economist, PhD), Director, Internal Audits, MCA-Mongolia, presented on “MCA-Mongolia: Principles of Business Ethics” and provided information on best practices of how MCA-Mongolia is ensuring business ethics and compliance in all areas of activities such as procurement, contract management, land acquisition and resettlement, environmental protection, and prevention of fraud and corruption within the framework of Program implementation under the MCC-Mongolia Water Compact.

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This $462 million project is a partnership between the American and Mongolian people made possible by $350m in MCC grant funding and the $111.76m contribution from the Government of Mongolia which demonstrates their commitment to working together to achieve economic growth and poverty reduction in Ulaanbaatar. The Mongolia Water Compact is funding major infrastructure projects, including the construction of new wellfields and two large plants - an Advanced Water Purification Plant and Water Recycling Plant which will be the first of their kind in Mongolia. In addition, the Compact will invest in policy measures to create a financially and environmentally sustainable future for the water sector of Ulaanbaatar. As a result, the water system in Ulaanbaatar will have been expanded to deliver 80% more drinking water, allowing for the city’s future expansion.