Banking & finance, News

We warmly congratulate our esteemed member, Khan Bank, on successfully expanding its long-term partnership with Proparco (the private sector financing arm of Agence Française de Développement) through a 5-year, $50 million bilateral financing agreement!

The official signing took place during COP17 at the French Embassy's special event, "Uniting Expertise Against Desertification: France-Mongolia Cooperation."

Fund Allocation:

• $30 Million — Dedicated to climate mitigation and adaptation, including renewable energy, energy efficiency, and green building projects

  
  

• $20 Million — Allocated to empower local micro, small, and medium-sized enterprises (MSMEs)

  
  

We commend Khan Bank for setting a strong benchmark in green financing, driving sustainable economic growth, and supporting local business development across Mongolia!