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Agricultural Bank of China provides USD 2 million trade financing line to Mongolia State Bank (Linked to Record ID#47000, 66156)
| Funder | Agricultural Bank of China (ABC) |
|---|---|
| Recipient Organization | Trade and Development Bank of Mongolia |
| Country | Mongolia |
| Start Date | Jan 01, 2020 |
| End Date | Jul 23, 2033 |
| Duration | 4,952 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 91161 |
Grant Description
Agricultural Bank of China provides USD 2 million trade financing line to Mongolia State Bank In 2011, the Trade and Development Bank of Mongolia (TDB) entered into an Import Financing Agreement with the Agricultural Bank of China (ABC). In 2020, the Trade and Development Bank extended the credit line for USD 2 million.
Loan details are unclear, as they are in previous iterations of this project (see Record ID#47000 and 66156).
Sources & References
Mongolia State Bank Annual Report 2020, 2021 ЖИЛИЙН ТАЙЛАН Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Trade and Development Bank of Mongolia
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