| Project Detail |
Up to MNT35,000,000,000 or its equivalent in dollars in the form of a senior, secured, 5-year tenor loan to Intermed guaranteed by MCS to fund the construction of an 80-bed facility next to the existing hospital, 10 outpatient clinics, and 3 inpatient branches in rural parts of Mongolia. Project Name Intermed Hospital Expansion Project Project Number 56263-001 Borrower / Company International Medical Center LLC MCS Mongolia LLC Country / Economy Mongolia Location Nation-wide Type or Modality of Assistance 4314 Loan Ordinary capital resources MNT 35,000.00 million Approved Operational Priorities OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability OP4: Making cities more livable OP5: Promoting rural development and food security Sector / Subsector Health / Health care finance Gender Effective gender mainstreaming Responsible ADB Department Private Sector Operations Department Responsible ADB Division Office of the Director General, PSOD Responsible ADB Officer Han, Dong Project Sponsor(s) Description Up to MNT35,000,000,000 or its equivalent in dollars in the form of a senior, secured, 5-year tenor loan to Intermed guaranteed by MCS to fund the construction of an 80-bed facility next to the existing hospital, 10 outpatient clinics, and 3 inpatient branches in rural parts of Mongolia. Objectives and Scope The project aims to bring quality health care to middle-class Mongolians and improve medical accessibility for distant communities. The existing facility is hitting capacity limits and faces overcrowding and compromised patient care during peak periods. ADBs financing will also support Mongolias leading hospital to maintain international standards of patient care, reduce the need for Mongolians to travel abroad for tertiary treatment, expand health care services to rural areas, and enhance womens employability in the high-value medical profession. Linkage to Country/Regional Strategy The project is aligned with the strategic objective of ADBs Country Partnership Strategy for Mongolia, 20212024 of fostering inclusive social development and economic opportunity that prioritizes access to finance and access to health for nonsovereign operations. This project is ADBs first private sector financing to a Mongolian hospital and complements ADBs long-standing knowledge, technical assistance, and operations in the countrys health sector. |
