Strengthening Institutional Framework and Management Capacity Project (ADB-49409-001)

Countries
  • Mongolia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 31, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Mongolia
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 41.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Sep 28, 2016


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Project Description
The project aims to support ongoing reforms to strengthen institutional framework and management capacity of Erdenes Mongol, a state-owned investment (asset management) company established in 2007. As legislative and regulatory reforms are being made to enable Erdenes Mongol to manage the state-owned assets more effectively to benefit the welfare of all Mongolian people, the project provides essential capacity development support to help Erdenes Mongol fulfill its evolving mandate of managing various state-owned assets and investing in infrastructure to support Mongolia’s economic diversification. The project will provide for capacity development and advisory services to deliver three intended outputs. It will not prepare feasibility studies or a detailed engineering design of an investment project. Output 1: Corporate strategy developed. Output 2: Functional capability strengthened. Output 3: Investment capability strengthened.
Investment Description
  • Asian Development Bank (ADB)
Government US$ 6.2 million
Contact Information
Erdenes-MGL, LLC 15th Floor, Chinggis Avenue 15, 1st khoroo, Sukhbataar District Ulaanbaatar, Mongolia ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main