Project ID: 91161

Agricultural Bank of China provides USD 2 million trade financing line to Mongolia State Bank (Linked to Project ID#47000, 66156)

Commitment amount

$ 2233674.0047747977

Adjusted commitment amount

$ 2233674.0

Constant 2021 USD

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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2020-01-01

Description

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 Project ID#47000 and 66156).

Additional details

Number of official sources

2

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

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

Loan Details

Bilateral loan

Inter-bank loan