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ADB lends €166mn to China to improve conditions along Inner Mongolia border
ADB approved the $420 million multitranche financing facility (MFF) to improve economic opportunities and living conditions among communities along the border between the IMAR in the PRC and Mongolia on 21 October 2020.ADB | Manila | Updated: 11-12-2020 10:57 IST | Created: 11-12-2020 10:57 IST
Representative Image Image Credit: ANI
The Asian Development Bank (ADB) and the Government of the People s Republic of China (PRC) have signed a loan agreement and project agreements for the Inner Mongolia Sustainable Cross-Border Development Investment Program Project 1 totaling €166.53 million (about $200 million).
Signing for ADB today was People s Republic of China Resident Mission Country Director Yolanda Fernandez Lommen while PRC Deputy Director-General of Finance Han Bin and designated officials from the Inner Mongolia Autonomous Region (IMAR), including Chairman of IMAR government Bu ....

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