Mongolia : Accelerating Climate Investment Program, Subprogram 1

Sovereign Project | 56270-001

The Government of Mongolia (GoM) has requested assistance from the Asian Development Bank (ADB) to support a set of complementary medium-term structural reforms addressing climate change as its core objective. The proposed Accelerating Climate Investment Support Program will support Mongolia to strengthen the policy, planning and financing direction of GoM to accelerate investments in adaptation and mitigation priorities identified in its National Adaptation Plan (NAP) and Nationally Determined Contributions (NDC) to the United Nations Framework Convention on Climate Change. The program will contribute to Mongolia's NDC Action Plan and will build on ADB supported investments in climate action. It is aligned with the ADB's Strategy 2030 and will support the implementation of operational priority 3 on tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability.

Project Details

Project Name Accelerating Climate Investment Program, Subprogram 1
Project Number 56270-001
Country / Economy Mongolia
Project Status Proposed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan: Accelerating Climate Investment Program
Ordinary capital resources US$ 100.00 million
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
OP5: Promoting rural development and food security
OP6: Strengthening governance and institutional capacity
Sector / Subsector

Agriculture, natural resources and rural development / Agricultural policy, institutional and capacity development

Energy / Energy sector development and institutional reform

Finance / Finance sector development

Public sector management / Public expenditure and fiscal management

Gender Effective gender mainstreaming
Description The Government of Mongolia (GoM) has requested assistance from the Asian Development Bank (ADB) to support a set of complementary medium-term structural reforms addressing climate change as its core objective. The proposed Accelerating Climate Investment Support Program will support Mongolia to strengthen the policy, planning and financing direction of GoM to accelerate investments in adaptation and mitigation priorities identified in its National Adaptation Plan (NAP) and Nationally Determined Contributions (NDC) to the United Nations Framework Convention on Climate Change. The program will contribute to Mongolia's NDC Action Plan and will build on ADB supported investments in climate action. It is aligned with the ADB's Strategy 2030 and will support the implementation of operational priority 3 on tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability. It will also support strategic priority 3 of ADB's Country Partnership Strategy (CPS) for Mongolia on resilience for sustainable, green, and climate-conscious development, and contribute to Sustainable Development Goal (SDG) 13 on taking urgent action to combat climate change and its impacts. It is also anchored in ADB's Climate Change Operational Framework, 2017-2030, which defines how ADB can facilitate a shift onto a development path that is climate-resilient and low in greenhouse gas (GHG) emissions, in line with the Paris Agreement, the Sustainable Development Goals, and the Sendai Framework for Disaster Risk Reduction.
Project Rationale and Linkage to Country/Regional Strategy
Impact
Outcome
Outputs
Geographical Location Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Romero-Torres, Jennifer
Responsible ADB Department Sectors Group
Responsible ADB Division Finance Sector Office (SG-FIN)
Executing Agencies
Ministry of Finance (formerly Ministry of Finance and Economy)
Timetable
Concept Clearance 25 Jan 2024
Fact Finding 03 Mar 2024 to 13 Mar 2024
MRM 02 May 2024
Approval -
Last Review Mission -
Last PDS Update 26 Jan 2024

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Title Document Type Document Date
Accelerating Climate Investment Program, Subprogram 1: Concept Note Concept Papers Jan 2024

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.

None currently available.


Evaluation Documents See also: Independent Evaluation

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Related Publications

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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.

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Tenders

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Procurement Plan

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