Ulaanbaatar
National Roadmap for Sustainable Financing adopted
Environment
Ulaanbaatar/MONTSAME/. During the ‘Green Financing-Regional Forum’
taking place at the initiative of the President of Mongolia, the National
Roadmap for Sustainable Financing has been adopted today, March 30.
Within the framework of the roadmap, basic conditions and
favorable policy environment will be created for the development of sustainable
financing, budget and finance will be orientated to the green development, green
banking and financial institutes will be developed by way of increasing green
financing capital flow, as well as their environmental, social, governance and
climate risk management will be improved, in addition to the support to be
given to transparent and open reporting.
The realization of the Roadmap with six main chapters and 25
sub-activities aims at increasing banking sector’s green loan portfolio to 10
percent of the total loan portfolio by 2030, and making at least five percent
of the total loan portfolio of the non-banking financial institutes to be green
lending.
In doing so, it will be able to provide at least 15 percent
of financial needs for the implementation of Mongolia’s Nationally Determined
Contribution with the source of banks and financial institutes.
