Global Green Growth Institute
room19F Jeongdong Bldg., 21-15 Jeongdong-gil, Jung-gu Seoul 04518
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Mongolia Green Finance Corporation

IATI Identifier: XM-DAC-47136-MN13
Published in IATI IATI
  • date_range Jan 01, 2019 - Dec 31, 2019
  • autorenew Closed (Status)

In its first stage, MGFC will target households living in peri-urban (Ger) areas of Ulaanbaatar (216,000 households), businesses transitioning to low-carbon and energy efficient practices (at least 127 designated entities) which are large energy users having the highest potential to reduce emissions and the Mongolian Financial Institutions (11 commercial banks), with a product pipeline that is complementary to existing GCF credit lines in Mongolia and positions the institution well, to build upon early successes to attract larger amounts of financing and extend the market impact. MGFC’s direct beneficiaries are expected to reach 104,602 people who will benefit from affordable and inclusive financial products. Once operational, MGFC will have the capacity to target additional markets in relationship with Mongolia’s climate change and green development commitments.

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Sectors:
  • Environmental policy and administrative management error
    Sector code:
    41010 - Environmental policy and administrative management
    Sector vocabulary:
    1 - OECD DAC CRS Purpose Codes (5 digit)
  • Reporting Organisation error
    Sector code:
    CC - Reporting Organisation
    Sector vocabulary:
    99 - Reporting Organisation

Participating Organisations

Organisation Name Organisation Type Organisation Role
Global Green Growth Institute Multilateral Implementing
Global Green Growth Institute Multilateral Funding

Transaction

Transaction Value Provider Receiver Type Date
59,213 USD (Valued at Dec 31, 2019) circle Provider N/A circle Receiver N/A Expenditure date_rangeJan 01, 2019

Budget

63,841 USD
63,841 USD (Valued at Dec 31, 2019) date_range Jan 01, 2019 - Dec 31, 2019
access_timeUpdated on Aug 03, 2020 11:35:23
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