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

Funder	Agricultural Bank of China (ABC)
Recipient Organization	Trade and Development Bank of Mongolia
Country	Mongolia
Start Date	Jan 01, 2018
End Date	Nov 06, 2026
Duration	3,231 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66156`

Grant Description

Trade and Development Bank of Mongolia extends the Import Financing Agreement with Agricultural Bank of China 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)

📚 Sources & References

TDB ANNUAL REPORT 2016
Annual Bank Report 2011
TDB ANNUAL REPORT 2018 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.