Original disclosure @ ADB website
Updated in EWS Mar 23, 2023
Disclosed by Bank Nov 29, 2022
Can you contribute information about this project?
Contact the EWS Team
According to the disclosure page, the transaction involves a loan of up to $18.0 million or its equivalent in togrog, comprising of (i) a loan of up to $8.0 million or its equivalent in togrog to Ulaanbaatar Flour Limited Liability Company (UBF) and (ii) a loan of up to $10.0 million or its equivalent in togrog to Tavan Bogd Food Limited Liability Company (TBF) for the Tavan Bogd COVID-19 Food Security, and Inclusive Job Creation Project in Mongolia._It will help UBF by providing financing to sustain its operations in procuring wheat during the harvest season. UBF will be sourcing all of its wheat locally and will build enough buffer inventory to cope with supply chain disruptions compounded by the Russian invasion of Ukraine. It will also help TBF enhance its operations by providing financing for the construction of its new KFC and Pizza Hut warehouses, expansion of 8 additional quick service restaurants, and maintenance capital expenditures.
No contact information was disclosed.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.adb.org/forms/request-information-form
ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals
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.