In scope of Mongolian Sustainable Financing Principle, MNT 880.8 billions of financing were funded to the companies as of first three quarters of 2016. Of which MNT 514.2 billions were granted to the projects aiming at reducing air pollution of Mongolia, which accounts the 58.4 percent of total financing. 
MNT 321.5 billion were funded to four water conservation projects, MNT 16.1 billion were funded to 787 renewable energy projects, MNT 28.6 billion were funded to 900 energy efficiency projects and MNT 400 million were funded to other green projects. About 30 percent (one in three) of loans borrowed by the commercial banks to the companies provide the requirement for green loans. 
In further, Mongolian Bankers Association is projected to establish "Green loan fund" and fincance the fund with international fundings. According to the international standard, up to US$ 50 millions of green loans is able to be granted for per green project.

Published Date:2016-11-28