Ulaanbaatar
The Bank of Mongolia to support green and sustainable financing system
Economy
Ulaanbaatar/MONTSAME/. On April 18, the Bank of Mongolia and
the Mongolian Sustainable Finance Association established a memorandum of
understanding on cooperation.
The MoU aims to introduce and develop green and sustainable
development financing products and services into banking and financial sector,
and promote its implementation.
Climate change and environmental degradation are also issues
of concern for Mongolia. Thus, the Bank of Mongolia is joining the global movement
to study the impacts of climate change, cooperate with international organizations,
public and private organizations to develop a green and sustainable financing
system, and promote its implementation by using monetary policy and financial
regulatory tools.
