This Readiness Preparatory and Support proposal aims at strengthening the Mongolian financial sector's capacity to manage and mitigate ESG, gender, and climate risks and develop bankable project pipelines for Mongolia's green and sustainable future. Doing so will result in a demonstrable upgrade of ESG systems in participating FIs (i.e., commercial banks, banking regulators of the Mongolia Green Finance Corporation (MGFC) and others, including the Development Bank of Mongolia and non-bank financial institutions), and improved enforcement of the sustainable finance principles. The project will build on the previous and ongoing efforts under the Mongolian Sustainable Finance Initiative (MSFI), a sector-wide voluntary initiative implemented by a group of FIs to integrate environmental and social risk considerations in their lending operations.