According to the ADB, the program represents a fundamental paradigm shift in applying a transformative model to promote green territorial development and urban-rural linkages, whereby livable human settlements - aimag (province) and soum (subunit of an aimag) centers - become anchors of green agribusinesses that promote sustainable, resilient, and high-carbon sequestration rangeland management. Initially focusing on Mongolia's western aimags, the program will promote climate finance and private sector investment mechanisms that can be replicated countrywide.
The ADB categorized the risks in the following way:
Environment - B
Involuntary Resettlement - B
Indigenous Peoples - C
The co-financiers of the project are the European Investment Bank and the Green Climate Fund.
According to the ADB, the European Investment Bank will contribute with a grant of USD 10.5 million and a loan of USD 52.9 million, and the Green Climate Fund with a grant of USD 25 million and a loan of USD 50.2 million.
Responsible ADB Officer:
Arnaud Heckmann - East Asia Department, Urban and Social Sectors Division
No contacts available at the time of disclosure.
Executing Agencies -
Ministry of Construction and Urban Development:
Ministry of Economy and Development:
ACCESS TO INFORMATION
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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.