The GCF is the world's largest fund for reducing greenhouse gas emissions from developing countries, investing in climate change adaptation, and promoting sustainable and green growth. TDB became an accredited body of the Fund in 2020 by the decision of the Board of Directors of the GCF. As a result, TDB will be able to provide one-time concessional financing of $ 50-250 million for large national projects and programs that support sustainable and green growth. Afterwards, the two sides held an online meeting to welcome the signing of the accreditation agreement for the Climate Green Fund and exchanged views on further cooperation.
O. Orkhon, CEO of TDB, said, “TDB has been a leading bank supporting Mongolia's development for the past 30 years. During this period, the bank has made significant contributions to major projects and programs, from low-income countries to middle-income countries to major mining players. In the next 30 years, it will be a leading bank in supporting Mongolia's sustainable and green development.”
TDB will continue to support Mongolia's green growth and work for a brighter future for its children and future generations by providing low-interest, long-term financing to small and medium-sized enterprises and industry-leading large businesses.