Mongolia : Gobi Climate-Resilient Cashmere Value Chain Project
The project will support Gobi's increased working capital needs to expand sustainable cashmere sourcing from local herders and cashmere production.
Project Details
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Project Officer
Wang, Xiaole
Private Sector Operations Department
Request for information -
Country/Economy
Mongolia -
Sector
- Agriculture, natural resources and rural development
Project Name | Gobi Climate-Resilient Cashmere Value Chain Project | |||||
Project Number | 57156-001 | |||||
Borrower / Company | Gobi Joint Stock Company |
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Country / Economy | Mongolia |
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Location | Nation-wide | |||||
Type or Modality of Assistance |
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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 |
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Sector / Subsector | Agriculture, natural resources and rural development / Livestock |
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Gender | Effective gender mainstreaming | |||||
Responsible ADB Department | Private Sector Operations Department | |||||
Responsible ADB Division | Office of the Director General, PSOD (OPSD) | |||||
Responsible ADB Officer | Wang, Xiaole | |||||
Project Sponsor(s) | ||||||
Description | The project will support Gobi's increased working capital needs to expand sustainable cashmere sourcing from local herders and cashmere production. | |||||
Objectives and Scope | ||||||
Linkage to Country/Regional Strategy |
Safeguard Categories | |
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Environment | B |
Involuntary Resettlement | C |
Indigenous Peoples | C |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation |
Timetable for assistance design, processing and implementation | |
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Concept Clearance | - |
Credit Committee Meeting | - |
Approval | 26 Oct 2023 |
Last PDS Update | 26 Oct 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.
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Title | Document Type | Document Date |
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Gobi Climate-Resilient Cashmere Value Chain Project: Preliminary Poverty and Social Analysis | Initial Poverty and Social Analysis | Sep 2023 |
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
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.
ADB, Gobi Sign Sustainability Linked Loan to Support Climate-Resilient Cashmere Value Chain in Mongolia
ADB and the Gobi Joint Stock Company have signed a $30 million sustainability linked loan to support the cashmere value chain in Mongolia and provide stable incomes and employment to 1,200 herders and 1,300 industry employees. The loan will be used to procure raw cashmere from herders, as well as for cashmere processing activities.