| Project Detail |
Project Name UBF Wheat Value Chain Project Project Number 58542-001 Borrower / Company Ulaanbaatar Flour LLC Country / Economy Mongolia $10 million ADB OCR senior secured 3-year bullet loan to support increased domestic wheat procurement to meet the demand for locally processed wheat flour in Mongolia. Complementary technical assistance of $500,000 to support climate resilience of wheat farmers. $10 million ADB OCR senior secured 3-year bullet loan to support increased domestic wheat procurement to meet the demand for locally processed wheat flour in Mongolia. Complementary technical assistance of $500,000 to support climate resilience of wheat farmers. The project will support the procurement of 78,000kg of wheat from 210 farm enterprises from the provinces of Selenge, Arkhangai, Bulgan, Darkhan, Tuv, Uvs, Khentii, Orkhon, Uvurkhangai. The ADB proceeds will be used as spot payment to farmers which is part of the companys annual procurement program, to support its annual wheat production as well as provide advances to farmers. |
