TDB, partners launch forum to promote sustainable finance in Mongolia

The Trade and Development Bank of Mongolia (TDB), Dutch Development Bank FMO, International Finance Corporation (IFC), Mongolia Bankers Association (MBA) and the Banking and Finance Academy (BFA) recently launched a sustainable finance forum to promote green growth in Mongolia as the country develops. The four-day Mongolian Sustainable Finance Forum 2013, with a CEO roundtable exclusively for banking chief executives together with the Bank of Mongolia, aimed at raising awareness, foster cooperation and facilitate policy development and knowledge sharing in sustainable finance. For the first time, different stakeholders, including local bank executives, government officials, key industry representatives and international experts, have convened to discuss ways for the banking sector to capitalize on new business opportunities while ensuring Mongolia’s sustainable development. The resource-rich country is one of the world’s fastest-growing economies, having expanded 12.3 percent in 2012, according to the World Bank.