The Mongolian economy experienced significant growth because of a large inflow of assistance from the more developed regions of Eastern Europe and the Soviet Union.
The capital and technological assistance from the Warsaw Pact led to rapid growth within its industries, with mining benefiting significantly.
[5] After Mongolia's transition to a free market economy in the early 1990s, it began to experience a decline in school enrollment, particularly in rural areas.
The Mongolian government and the World Bank have been working together to improve the educational system in the country[citation needed].
The READ project was intended to improve Mongolia's primary education system and was funded by $5 million from the IDA.
As of 2013, the READ program has accomplished the following: The objective of this project is to improve the quality of primary education in Mongolia, with an emphasis on the successful development of mathematical and language skills.