Project ID: 91270

China Development Bank provides financing to Trade and Development Bank of Mongolia for purchases of Chinese goods

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Mongolia

Sector

Unallocated/unspecified (Code: 998)

Flow type

Vague TBD

Infrastructure

No

Category

Intent

Commercial (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

According to the 2020 Annual Report of the Trade & Development Bank (TDB) of Mongolia, in 2020, China Development Bank signed a USD and RMB financing agreement with the Trade and Development Bank of Mongolia. The purpose of the project is to help TDB's customers finance their trade with Chinese companies at a lower cost under the “Belt and Road” initiative. Details of the financing agreement are unclear.

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]