See MedAgri.org for the Southern and Eastern Mediterranean
Mongolia’s grasslands are an ideal playground for several million cashmere goats, sheep and yaks. Their world-renown wool means big business: it provides an income for around 400,000 herders, so it should not come as a surprise that locals refer to it as “white gold”.
But, for a long time, Mongolians have not seen the benefits of possessing this precious resource. Foreign traders bought the raw material and processed it abroad, so the economic upside took a detour out of the country.
This is why the EBRD teamed up with the European Union and the United Nations Food and Agriculture Organization (FAO) to add value across the whole production cycle – from the local farmer to exporters in Ulaanbaatar.
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