📋 Tender Overview
Project ID: 56003
Status: Disbursing
Location: Mongolia
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 09 Apr 2025
Disclosure date: 05 Mar 2025
Project Description
The provision of a senior unsecured loan of up to US$ 80m to Khan Bank JSC, under the GCF GEFF Regional Framework. Out this amount, up to US$ 60m will be provided by EBRD and up to US$ 20m will be provided by the Green Climate Fund (GCF). The GEFF loan will be granted in two equal tranches, of which the second will be uncommitted.
Project Objectives
The GEFF loan will enable the Company to diversify its funding base and provide long term financing to private clients in Mongolia for investments in climate change mitigation and adaption technologies and services, in a gender-responsive way, thus contributing to Green Economy Transition.
Transition Impact
ETI score:65
oject contributes to the objectives of the GCF-GEFF Regional Framework, supporting its Green TI quality, with 100 per cent of the proceeds allocated to GET activities in line with the GCF-GEFF Mongolia Policy Statement. The proposed loan will be the 3rd GEFF loan to KB and will contribute to the objective of building a green economy in Mongolia by facilitating the accelerated market penetration of climate technologies, with a particular focus on the promotion of renewable energy, energy efficiency, and climate resilient technologies, including solar PV, solar thermal, heat pumps, and biogas technologies. Another focus area is energy efficiency measures in residential and commercial buildings.
