A sustainable finance implementation report conducted by the International Sustainable Finance Association states that banks in Mongolia are implementing sustainable finance reforms successfully by improving access to loans and financing.
Resident Representative of the International Finance Corporation Tuyen D. Nguyen and Executive Director and Secretary General of the Mongolian Bankers Association J. Unenbat presented the report, which included assessments of 19 out of 34 member states of the International Sustainable Finance Association.
According to the report, Bangladesh, Brazil, China, Colombia, Indonesia, and Mongolia are among the assessed countries that are successfully implementing sustainable finance. Sustainable finance requires that projects that are in need of financing be harm-free for the environment and that possible risks be reduced before a loan or financing is granted.
A sustainable finance implementation report conducted by the International Sustainable Finance Association states that banks in Mongolia are implementing sustainable finance reforms successfully by improving access to loans and financing.
Resident Representative of the International Finance Corporation Tuyen D. Nguyen and Executive Director and Secretary General of the Mongolian Bankers Association J. Unenbat presented the report, which included assessments of 19 out of 34 member states of the International Sustainable Finance Association.
According to the report, Bangladesh, Brazil, China, Colombia, Indonesia, and Mongolia are among the assessed countries that are successfully implementing sustainable finance. Sustainable finance requires that projects that are in need of financing be harm-free for the environment and that possible risks be reduced before a loan or financing is granted.