Overview

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

Commitments (Constant USD, 2023)$2,063,468

Commitment Year•2020Country of Activity•MongoliaDirect Recipient Country of Incorporation•MongoliaSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2020

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Agricultural Bank of China (ABC)

Receiving agencies

State-owned Banks

Trade and Development Bank of Mongolia

Loan description

Agricultural Bank of China provides USD 2 million trade financing line to Mongolia State Bank

Interest type•Unknown

Narrative

Full Description

Project narrative

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).