UNEP FI co-convenes kick-off meeting of Mongolian Green Credit Fund Working Group

UNEP FI, together with the Mongolian Ministry of Environment, Green Development and Tourism (MEGDT), the Mongolian Bankers Association (MBA), Partnership for Action on Green Economy (PAGE), the Global Green Growth Institute (GGGI) and German International Cooperation (GIZ), recently convened the kick-off meeting of the Mongolian Green Credit Fund Working Group. This working group, comprised of representatives from the government, banking sector, local enterprises and development agencies, will serve as the platform for the inclusive development of a national financing framework that spurs lending into green projects. UN Environment Assembly (UNEA) President and Mongolian Parliament member Ms. Oyun Sanjaasuren, in her welcome speech, supported the vision of the working group, saying that a green financing framework will promote investments in environmental protection and human development and finance a green economy – two core objectives of the national Green Development Policy. The kick-off meeting is one of the agreed outcomes of the 2015 Mongolian Sustainable Finance Forum.