Banking Sector Rehabilitation and Financial Stability Strengthening Program (ADB-51054-001)

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
Approved
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
May 30, 2017
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, Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 14, 2017

Disclosed by Bank May 31, 2017


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Project Description
The program will support the government’s plans for a well developed finance sector and stable financial system that helps the poor and vulnerable. The outcome will be a strengthened and stable banking industry. Stabilizing the industry by dealing rapidly with the large NPL overhang is the first step towards rehabilitation. As the program is a single tranche, ADB and the government have agreed on a medium-term reform framework, 2017–2020 to provide a basis for continuing reforms and structure for future assistance. The program is aligned with the government's Economic Recovery Plan, 2016 and will support the government's plans for a well-developed finance sector and a stable financial system that helps the poor and vulnerable.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Giannetto, Giacomo G. East Asia Department No contact information provided at the time of disclosure. 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