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Loan No. 2218: Financial Regulation and Governance Program

Mongolia has applied for a loan from the Asian Development Bank (ADB) towards the cost of Financial Regulation and Governance Program. The loan was approved 15 December 2005.

The Program's objective is to help develop a sound and broad-based financial sector that effectively channels resources to productive investment projects. Specifically, the Program will seek to

reduce the cost of borrowing and expand access to credit by improving the collateral framework,
improve governance in banks to protect depositors,
enhance the role of the nonblank financial sector in mobilizing savings for investment capital, and
improve investor confidence by reducing the risks from money laundering through the financial system.

Procurement
The loan proceeds will be used to finance the foreign exchange costs of items produced and procured in ADB member countries (other than the items specified in the list of ineligible items and imports financed by other bilateral and multilateral sources).

Interested bidders from ADB's member countries who wish obtain additional information may contact:

Ministry of Finance and Economy
Contact : Mr.Bataa Ganbold, Deputy Director
Fax. No. : 976-11-267273
E-mail : gbld@yahoo.com
Tel. No. : 976-11-267273
Address : Sector Policy and Investment Department
Government Building-2
United Nation's street-5/1
Ulanbaatar-210646

General Procurement Notice