News

ADB releases $60 million for second part of air quality improvement program in Ulaanbaatar

The Asian Development Bank (ADB) has approved the release of $60 million as second tranche of a program to improve the air quality and health in the Mongolian capital of Ulaanbaatar.

ADB to help manage food insecurity risks in Mongolia amid supply disruptions caused by COVID-19

The Asian Development Bank (ADB) has approved a $410,000 technical assistance (TA) grant to help manage food insecurity risks amid supply disruptions caused by the coronavirus (COVID-19) disease pandemic in Mongolia.

EBRD and GCF boost climate financing for Mongolian enterprises

Smaller firms in Mongolia will benefit from new opportunities to make their businesses more energy efficient and productive, thanks to a $4 million loan provided by the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) to XacLeasing, one of the country’s largest financial leasing companies.

ADB grant to boost Mongolia’s medical response to COVID-19 threat

The Asian Development Bank (ADB) has approved a further grant to Mongolia of $1.5 million from the Asia Pacific Disaster Response Fund (APDRF) to boost medical responses to the threat posed by the coronavirus disease (COVID-19) pandemic. The financial assistance is sourced from the Government of Japan’s contribution to APDRF.

ADB, Mongolia sign projects for COVID-19 shock response, economic cooperation zone, solid waste management

The Asian Development Bank (ADB) and the Government of Mongolia signed three projects to lessen the socioeconomic impacts of the coronavirus disease (COVID-19) pandemic on poor and vulnerable groups in Mongolia, to help support Mongolia’s post-pandemic recovery by developing an economic cooperation zone, and improve solid waste management.

ADB to support economic cooperation zone for Mongolia

he Asian Development Bank (ADB) has approved a $30 million loan to develop and operationalize Mongolia’s Zamyn-Uud free zone, which is part of a proposed economic cooperation zone between the country and the People’s Republic of China (PRC).

IMF Executive Board approves $99 million disbursement under the Rapid Financing Instrument to Mongolia to address the COVID-19 pandemic

This emergency financial assistance will help support foreign exchange reserves, create fiscal space for essential pandemic-related expenditure, and catalyze donor support.

ADB, Mongolia sign 3 loans to boost COVID-19 response, renewable energy

The loans and grant comprise of $100 million loan for the COVID-19 Rapid Response Program, $30 million additional financing for the Fifth Health Sector Project to further strengthen the country’s preparedness and response to COVID-19, and $100 million loan and $3 million grant for the First Utility Scale Energy Storage Project.

ADB provides $100 million to support Mongolia’s COVID-19 response

The Asian Development Bank (ADB) has approved a $100 million loan to the Government of Mongolia to mitigate the severe health and economic impacts of the novel coronavirus disease (COVID-19) pandemic.

ADB provides $30 million extra to Mongolia health project to fight COVID-19

The Asian Development Bank (ADB) has approved $30 million in extra financing for a health sector project in Mongolia to strengthen the country’s preparedness and response to the novel coronavirus disease (COVID-19) pandemic.