Project ID: 66156

Trade and Development Bank of Mongolia extends the Import Financing Agreement with Agricultural Bank of China (linked to #47000)

Summary

Funding agency [Type]

Agricultural Bank of China (ABC) [State-owned Commercial Bank]

Recipient

Mongolia

Sector

Banking and financial services (Code: 240)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2018-01-01

Description

In 2011, the Trade and Development Bank of Mongolia (TDB) entered into an Import Financing Agreement with Agricultural Bank of China (ABC). The agreement enables the TDB to finance its customers for import goods. In 2018, TDB extends the agreement. The outstanding loan amounted to CNY 9,027,000 (MNT 3,481,985 thousand) at December 31, 2018. The repayment dates for this loan vary in accordance with the tenor of loans granted to the various borrowers. (TDB Annual Report 2018)

Additional details

Number of official sources

3

Number of total sources

3

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Trade and Development Bank of Mongolia [State-owned Bank]

Loan Details

Bilateral loan

Export buyer's credit

Inter-bank loan