Mongolia: Aimags and Soums Green Regional Development Investment Program (ASDIP)

  • Cross-cutting
  • Under implementation
Date approved
19 Mar 2021
Est. completion
23 Jan 2035
ESS Category
Category B
Financing
Public sector
Entity
Asian Development Bank

Overview

In Mongolia average temperatures have risen by 2.1°C over the past 70 years. Average rainfall is declining, and extreme weather events are more frequent. This poses challenges to livestock production and managing the country’s vast pasturelands, which are already fragile due to decades of unsustainable herding practices.

This project addresses Mongolia’s rangeland degradation and overgrazing. It will do this by building climate-resilient and low-carbon cities that provide adequate services to attract private sector investments to support local agribusiness. Other measures include supporting herder groups to manage the rangelands sustainably by limiting the number of grazing animals, and strengthening agribusiness value chains.

Result areas

Project timeline

  • Pipeline

    515 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    1,407 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    509 days so far

    • FAA effective

  • To be completed

    3,144 days to go

    Not started

  • Total project value $ 735 million

  • Tonnes of CO2 equivalent avoided 112 million

  • Total number of beneficiaries 3.8 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 735 million

Show details

GCF-financing

  • Grant USD 45,000,000
  • Loan USD 130,000,000
  • Total GCF-financing USD 175,000,000

Co-financing

  • Loan USD 135,000,000
  • Loan USD 135,000,000
  • Grant USD 30,000,000
  • Loan USD 150,000,000
  • Loan USD 25,000,000
  • Grant USD 75,280,000
  • Inkind USD 6,720,000
  • Grant USD 3,000,000
  • Total co-financing USD 560,000,000

Documents

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