Mongolia : Intermed Hospital Expansion Project

Nonsovereign Project | 56263-001

Up to MNT35,000,000,000 or its equivalent in dollars in the form of a senior, secured, 5-year tenor loan to Intermed guaranteed by MCS to fund the construction of an 80-bed facility next to the existing hospital, 10 outpatient clinics, and 3 inpatient branches in rural parts of Mongolia.

Project Details

  • Project Officer
    Han, Dong
    Private Sector Operations Department
    Request for information
  • Approval Date
    2 May 2023
  • Country/Economy
    Mongolia
  • Sector
    • Health
Project Name Intermed Hospital Expansion Project
Project Number 56263-001
Borrower / Company International Medical Center LLC
MCS Mongolia LLC
Country / Economy Mongolia
Location Nation-wide
Type or Modality of Assistance
4314 Loan Ordinary capital resources MNT 35,000.00 million Approved
Operational Priorities OP1: Addressing remaining poverty and reducing inequalities
OP2: Accelerating progress in gender equality
OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
OP4: Making cities more livable
OP5: Promoting rural development and food security
Sector / Subsector

Health / Health care finance
Gender Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Office of the Director General, PSOD
Responsible ADB Officer Han, Dong
Project Sponsor(s)
Description Up to MNT35,000,000,000 or its equivalent in dollars in the form of a senior, secured, 5-year tenor loan to Intermed guaranteed by MCS to fund the construction of an 80-bed facility next to the existing hospital, 10 outpatient clinics, and 3 inpatient branches in rural parts of Mongolia.
Objectives and Scope The project aims to bring quality health care to middle-class Mongolians and improve medical accessibility for distant communities. The existing facility is hitting capacity limits and faces overcrowding and compromised patient care during peak periods. ADB's financing will also support Mongolia's leading hospital to maintain international standards of patient care, reduce the need for Mongolians to travel abroad for tertiary treatment, expand health care services to rural areas, and enhance women's employability in the high-value medical profession.
Linkage to Country/Regional Strategy The project is aligned with the strategic objective of ADB's Country Partnership Strategy for Mongolia, 20212024 of fostering inclusive social development and economic opportunity that prioritizes access to finance and access to health for nonsovereign operations. This project is ADB's first private sector financing to a Mongolian hospital and complements ADB's long-standing knowledge, technical assistance, and operations in the country's health sector.
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects ADB has categorized the investment in compliance with ADBs Safeguard Policy Statement (2009) as environment (category B).
Involuntary Resettlement ADB has categorized the investment in compliance with ADBs Safeguard Policy Statement (2009) as involuntary resettlement (category C).
Indigenous Peoples ADB has categorized the investment in compliance with ADBs Safeguard Policy Statement (2009) as indigenous peoples (category C).
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 22 Sep 2022
Credit Committee Meeting -
Approval 02 May 2023
Last PDS Update 02 May 2023

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Title Document Type Document Date
Intermed Hospital Expansion Project: FAST Report Faster Approach to Small Nonsovereign Transactions May 2023
Intermed Hospital Expansion Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Oct 2022

Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Title Document Type Document Date
Intermed Hospital Expansion Project: Corporate Environmental and Social Management System Audit and Environmental and Social Compliance of Existing Facilities Audit Environment and Social Compliance Audit Reports May 2023

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.