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Mongolia Export Development Project

Abstract*

The development objective of Export Development Project for Mongolia is to support Mongolian small and medium size firms (SMEs) in the non-mining sectors to strengthen their export capabilities and expand access to export markets. This project has three components as follows: 1) The firs component, Development of a new line of export finance products, will provide financial, technical, and institutional development support to the Agricultural Reinsurance...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The revised PDO is to support Mongolian Small and Medium size firms (SMEs) in the non-mining sector to strengthen their expert capabilities, expand access to export markets and to provide relief support for the COVID-19 recovery.

Key Details

Project Details

  • P147438

  • Closed

  • Thilasoni Musuku

  • Mongolia

  • Mongolia

  • February 12, 2014

  • (as of board presentation)

    July 7, 2016

  • December 22, 2016

  • US$ 20.78 million

  • Ministry of Food, Agriculture and Light Industry,Ministry of Labor and Social Protection,Agricultural Reinsurance Company, now MongolianRe

  • East Asia and Pacific

  • 2017

  • US$ 20.00 million

  • F

  • Not Applicable

  • December 31, 2023

  • Yes

  • BANK APPROVED

  • July 16, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 20.00
Borrower/Recipient 0.78

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 20.00
IBRD + IDA Commitment 20.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 20.78

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Aug 15, 2024 IDA-58790 Int Charges 45,348.77
Dec 4, 2023 IDA-58790 Loan Disb 479,549.40
Dec 14, 2023 IDA-58790 Loan Disb 435,601.20
Oct 30, 2023 IDA-58790 Loan Disb 256,251.90
Aug 15, 2024 IDA-58790 Int Charges 75,581.30
Aug 15, 2024 IDA-58790 Loan Repay 3,660.49
Feb 15, 2024 IDA-58790 Int Charges 38,027.83
Feb 15, 2024 IDA-58790 Int Charges 38,027.83
Feb 15, 2024 IDA-58790 Int Charges 63,379.72
Feb 15, 2024 IDA-58790 Int Charges 1,011.84
Feb 15, 2024 IDA-58790 Loan Repay 312,119.38
Jun 17, 2024 IDA-58790 Loan Disb -240,774.48
Jun 17, 2024 IDA-58790 Loan Cancel 252,050.94
Apr 2, 2024 IDA-58790 Loan Disb 843,090.00
Feb 15, 2023 IDA-58790 Int Charges 23,500.51
Feb 15, 2023 IDA-58790 Int Charges 23,500.51
Feb 15, 2023 IDA-58790 Int Charges 37,309.42
Feb 15, 2023 IDA-58790 Loan Repay 832.10
Aug 15, 2023 IDA-58790 Int Charges 1,851.09
Aug 15, 2023 IDA-58790 Loan Repay 314,367.97
Aug 15, 2023 IDA-58790 Int Charges 27,754.34
Aug 15, 2023 IDA-58790 Int Charges 27,754.34
Aug 15, 2023 IDA-58790 Int Charges 45,238.08
Jun 28, 2023 IDA-58790 Loan Disb 606,183.60
Aug 11, 2023 IDA-58790 Loan Disb 471,712.70
Sep 22, 2023 IDA-58790 Loan Disb 486,170.20
Dec 19, 2023 IDA-58790 Loan Disb 631,462.10
Nov 10, 2023 IDA-58790 Loan Disb 422,249.66
Dec 7, 2023 IDA-58790 Loan Disb 265,183.62
Dec 22, 2023 IDA-58790 Loan Cancel 4,852,928.00
Nov 4, 2022 IDA-58790 Loan Disb 272,585.70
May 16, 2023 IDA-58790 Loan Disb 799,814.00
May 16, 2023 IDA-58790 Loan Disb 546,242.00
May 17, 2023 IDA-58790 Loan Disb 276,043.56
Feb 17, 2023 IDA-58790 Loan Disb 353,025.34
Feb 15, 2023 IDA-58790 Loan Repay 314,722.72
Jun 23, 2022 IDA-58790 Loan Disb 799,814.00
Feb 15, 2022 IDA-58790 Loan Repay 5,048.05
Feb 15, 2022 IDA-58790 Loan Repay 325,480.12
Feb 15, 2022 IDA-58790 Int Charges 18,001.09
Dec 21, 2020 IDA-58790 Loan Disb 1,500,000.00
Aug 15, 2020 IDA-58790 Int Charges 15,478.67
Nov 10, 2020 IDA-58790 Loan Disb 769,208.60
Aug 15, 2020 IDA-58790 Int Charges 301.69
Aug 15, 2020 IDA-58790 Int Charges 301.69
Aug 15, 2020 IDA-58790 Int Charges 9,316.65
Aug 15, 2020 IDA-58790 Int Charges 9,316.65
Feb 15, 2020 IDA-58790 Int Charges 9,165.61
Feb 15, 2020 IDA-58790 Int Charges 9,165.61
Feb 15, 2020 IDA-58790 Int Charges 15,550.97
Feb 15, 2020 IDA-58790 Int Charges 164.99
Feb 15, 2020 IDA-58790 Int Charges 164.99
Aug 15, 2019 IDA-58790 Int Charges 409.97
Aug 15, 2019 IDA-58790 Int Charges 9,359.13
Aug 15, 2019 IDA-58790 Int Charges 9,359.13
Aug 15, 2019 IDA-58790 Int Charges 15,598.54
Feb 20, 2019 IDA-58790 Loan Disb 75,378.36
Feb 20, 2019 IDA-58790 Loan Disb 103,557.82
Feb 15, 2019 IDA-58790 Int Charges 7,915.86
Feb 15, 2019 IDA-58790 Int Charges 7,915.86
Feb 15, 2019 IDA-58790 Int Charges 13,063.46
Jan 9, 2019 IDA-58790 Loan Disb 102,216.11
Jan 9, 2019 IDA-58790 Loan Disb 47,152.84
Feb 15, 2019 IDA-58790 Int Charges 170.34
Feb 15, 2019 IDA-58790 Int Charges 170.34
Nov 7, 2018 IDA-58790 Loan Disb 135,488.78
Jun 28, 2018 IDA-58790 Loan Disb 72,041.09
Aug 15, 2018 IDA-58790 Int Charges 463.20
Aug 15, 2018 IDA-58790 Int Charges 6,562.05
Aug 15, 2018 IDA-58790 Int Charges 6,562.05
Aug 15, 2018 IDA-58790 Int Charges 10,936.67
Aug 28, 2018 IDA-58790 Loan Disb 62,463.58
Aug 28, 2018 IDA-58790 Loan Disb 46,860.12
Feb 15, 2018 IDA-58790 Int Charges 251.68
Feb 15, 2018 IDA-58790 Int Charges 5,509.24
Feb 15, 2018 IDA-58790 Int Charges 5,509.24
May 29, 2018 IDA-58790 Loan Disb 76,226.23
May 3, 2018 IDA-58790 Loan Disb 11,553.60
May 3, 2018 IDA-58790 Loan Disb 93,555.38
May 3, 2018 IDA-58790 Loan Disb 115,128.40
Mar 7, 2018 IDA-58790 Loan Disb 91,844.96
Feb 5, 2018 IDA-58790 Loan Disb 59,580.60
Feb 15, 2018 IDA-58790 Int Charges 8,693.71
Dec 8, 2017 IDA-58790 Loan Disb 40,973.79
Aug 25, 2017 IDA-58790 Loan Disb 10,762.98
Aug 25, 2017 IDA-58790 Loan Disb 8,520.88
Aug 15, 2017 IDA-58790 Int Charges 3,984.19
Aug 15, 2017 IDA-58790 Int Charges 3,984.19
Aug 15, 2017 IDA-58790 Int Charges 6,397.51
Sep 20, 2017 IDA-58790 Loan Disb 36,742.53
Jun 21, 2017 IDA-58790 Loan Disb 17,593.36
Jun 2, 2017 IDA-58790 Loan Disb 63,404.30
Nov 13, 2017 IDA-58790 Loan Disb 46,551.86
Mar 16, 2017 IDA-58790 Loan Disb 1,200,000.00
Jul 7, 2016 IDA-58790 Loan Commitment 20,000,000.00
Aug 15, 2024 IDA-58790 Loan Repay 218,846.23
Aug 15, 2024 IDA-58790 Int Charges 45,348.77
Feb 15, 2022 IDA-58790 Int Charges 18,001.09
Feb 15, 2022 IDA-58790 Int Charges 28,839.84
Apr 25, 2022 IDA-58790 Loan Disb 378,855.62
May 11, 2022 IDA-58790 Loan Disb 446,612.60
Aug 15, 2022 IDA-58790 Int Charges 1,095.21
Aug 15, 2022 IDA-58790 Loan Repay 311,546.03
Aug 15, 2022 IDA-58790 Int Charges 18,780.73
Aug 15, 2022 IDA-58790 Int Charges 18,780.73
Aug 29, 2022 IDA-58790 Loan Disb 443,916.50
Aug 15, 2022 IDA-58790 Int Charges 31,301.19
Aug 15, 2021 IDA-58790 Int Charges 4,506.25
Aug 15, 2021 IDA-58790 Int Charges 30,284.69
Aug 15, 2021 IDA-58790 Loan Repay 335,131.60
Aug 15, 2021 IDA-58790 Int Charges 18,170.85
Aug 15, 2021 IDA-58790 Int Charges 18,170.85
Aug 9, 2021 IDA-58790 Loan Disb 279,409.62
Nov 29, 2021 IDA-58790 Loan Disb 202,429.30
Feb 15, 2021 IDA-58790 Int Charges 564.01
Feb 15, 2021 IDA-58790 Int Charges 17,206.96
Feb 15, 2021 IDA-58790 Int Charges 13,066.80
Feb 15, 2021 IDA-58790 Int Charges 13,066.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Moderately Satisfactory 2023-06-11
Progress towards achievement of PDO Moderately Satisfactory 2023-06-11
Monitoring and Evaluation Moderately Satisfactory 2023-06-11
Project Management Satisfactory 2023-06-11
Financial Management Satisfactory 2023-06-11
Overall Implementation Progress (IP) Moderately Satisfactory 2023-06-11
Counterpart Funding Satisfactory 2023-06-11

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-19-2024
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 10-16-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityModestN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Increase in export volume (by price) by the Project beneficiariesValue0.0038.7025.00
    DateDecember 22, 2016December 29, 2023August 28, 2020
    Comment
  • Number of firms that obtain internationally-recognized quality certification following support from the Project(cumulative, disaggregated by the number of firms owned by women)Value0.0033.0025.00
    DateDecember 22, 2016December 29, 2023August 28, 2020
    Comment
  • Number of firms that start exporting following participation in project activities (cumulative, disaggregated by the number of firms owned by women)Value0.0031.0030.00
    DateDecember 22, 2016December 29, 2023August 28, 2020
    Comment
  • Number of Export Credit Insurance Products developed by Mongolian ReValue0.001.001.00
    DateDecember 22, 2016December 29, 2023August 28, 2020
    Comment
  • Number of new export destinations for the project beneficiariesValue0.0062.000.00
    DateJuly 10, 2020December 29, 2023
    Comment
  • Total unemployment insurance contribution payments made to non-mining SMEsValue0.001500000.000.00
    DateAugust 24, 2020December 29, 2023
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of firms benefiting from export insurance products (cumulative)Value0.004.000.00
    DateDecember 22, 2016December 29, 2023
    Comment
  • Number of SMEs benefiting from accredited reference laboratories supported by the ProjectValue0.0012.000.00
    DateJuly 10, 2020December 29, 2023
    Comment
  • Increase in export revenues for Productive Partnership Scheme beneficiaries (average)Value0.0038.700.00
    DateDecember 22, 2016December 29, 2023
    Comment
  • Beneficiaries that feel project investments reflected their needsValue0.0090.800.00
    DateDecember 22, 2016December 29, 2023
    Comment
  • Number of SMEs supported by the COVID-19 measureValue0.00332.000.00
    DateJuly 10, 2020December 29, 2023
    Comment
  • Number of clusters supported by the Productive Partnership SchemeValue0.0010.000.00
    DateJuly 10, 2020December 29, 2023
    Comment