ADB approves $100M loan to support Mongolia's climate action and low-carbon economy goals.

The Asian Development Bank has approved a $100 million loan to support Mongolia's investment in climate action. The Accelerating Climate Investment Program aims to integrate climate action into national plans and budgets, promote a low-carbon economy, and strengthen institutional frameworks and budgeting systems. Mongolia, vulnerable to climate change, seeks to enhance its resilience against global warming impacts.

November 18, 2024
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