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As stated by the EBRD, the project consists of the provision of a senior loan of up to US$ 8 million to Ulaanbaatar Flour LLC. The proceeds of the loan will finance the Company's working capital needs related to wheat procurement.
According to the EBRD, the financing gap will be filled by:
Borrower's cash flow - USD 6m; and
Loans from other banks - USD 14m
As stated by the EBRD, established in 2000, Ulaanbaatar Flour LLC is the leading flour mill in Mongolia. The company is a subsidiary of the Tavan Bogd Group one of the largest and well-diversified groups in Mongolia.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
TAVAN BOGD LLC | Parent Company | Industry and Trade | owns | Ulaanbaatar Flour LLC | Client | Agriculture and Forestry |
Client - Ulaanbaatar Flour LLC:
Mr. Turtuvshin Enkhbat
Email: turtuvshin.e@tavanbogd.com
Phone: +976-99032389
Website: https://tavanbogd.com
Address: Tavan Bogd Group office, Khan-Uul district, Chinggis Avenue 130, Ulaanbaatar 210136, Mongolia
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html