Mongolia Green Finance Corporation

About this project

The programme is a joint public and private sector effort to create a national financing vehicle, Mongolia Green Finance Corporation (MGFC), to overcome challenges and constraints for climate change mitigation in Mongolia. • MGFC is a first-of-its-kind public-private partnership (PPP)-based green bank involving the entire banking sector, with strong potential for replication in developing country contexts. • MGFC will develop the capacity for climate finance of the entire Mongolian financial sector, which does not exist in the market and could probably not be developed by existing institutions. • It promotes country ownership, and targets high impact sectors in line with national priorities

Published by

Green Climate Fund · Multilateral

Countries

Mongolia

Sectors

Energy conservation and demand-side efficiency

Focus

Climate mitigation · Main focus

Funded by

Green Climate Fund

Implemented by

XacBank JSC (Mongolia)

Published by Green Climate Fund to the International Aid Transparency Initiative (IATI), last updated 1 Jul 2026 and imported automatically. IATI identifier: XM-DAC-41317-FP153.

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