US president Donald Trump's sweeping tariffs, from April 9, are set to hit China, India, Taiwan, South Korea and many other countries hard; China has responded in kind sparking a global trade war threat.
The facility will support the Mongolian bank's green loan activities, targeting MSMEs and retail customers; meanwhile, billions of dollars of financing are needed in Mongolia to hit SDG goals.
Golomt Bank’s deputy chief executive officer, Odonbaatar Amarzaya: Golomt Bank is building on the solid foundations of its track record over nearly 30 years, striving every day for good via sustainable development while also creating new digital value.
Beijing will issue a spree of special-purpose bonds in order to help meet the ambitious GDP target, but more reforms are likely needed to boost output.