Mongolia: Tavan Bogd COVID-19 Food Security and Inclusive Job Creation Project

Nonsovereign Project | 56275-001

The transaction involves a loan of up to $18.0 million or its equivalent in togrog, comprising of (i) a loan of up to $8.0 million or its equivalent in togrog to Ulaanbaatar Flour Limited Liability Company (UBF), (ii) a loan of up to $6.0 million or its equivalent in togrog to Tavan Bogd Food Limited Liability Company (TBF) and (iii) a loan of up to $4.0 million or its equivalent in togrog to Tavan Bogd Foods Pizza LLC (TBF Pizza) for the Tavan Bogd COVID-19 Food Security, and Inclusive Job Creation Project in Mongolia. It will help UBF by providing financing to sustain its operations in procuring wheat during the harvest season. UBF will be sourcing all of its wheat locally and will build enough buffer inventory to cope with supply chain disruptions compounded by the Russian invasion of Ukraine.

Project Details

  • Project Officer
    Young, Matthew Ryan O.
    Private Sector Operations Department
    Request for information
  • Approval Date
    28 November 2022
  • Country/Economy
    Mongolia
  • Sector
    • Agriculture, natural resources and rural development
Project Name Tavan Bogd COVID-19 Food Security and Inclusive Job Creation Project
Project Number 56275-001
Borrower / Company Tavan Bogd Foods LLC
Tavan Bogd Foods Pizza LLC
Tavan Bogd LLC
Tavan Bogd Trade Limited Liability Company
Ulaanbaatar Flour LLC
Country / Economy Mongolia
Location Nation-wide
Type or Modality of Assistance
4260 Loan Ordinary capital resources USD 6.00 million Committed
4261 Loan Ordinary capital resources USD 8.00 million Committed
4286 Loan Ordinary capital resources USD 4.00 million Committed
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Agriculture, natural resources and rural development / Agro-industry, marketing, and trade
Gender Equity and Mainstreaming Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Office of the Director General, PSOD
Responsible ADB Officer Young, Matthew Ryan O.
Project Sponsor(s)
Description The transaction involves a loan of up to $18.0 million or its equivalent in togrog, comprising of (i) a loan of up to $8.0 million or its equivalent in togrog to Ulaanbaatar Flour Limited Liability Company (UBF), (ii) a loan of up to $6.0 million or its equivalent in togrog to Tavan Bogd Food Limited Liability Company (TBF) and (iii) a loan of up to $4.0 million or its equivalent in togrog to Tavan Bogd Foods Pizza LLC (TBF Pizza) for the Tavan Bogd COVID-19 Food Security, and Inclusive Job Creation Project in Mongolia. It will help UBF by providing financing to sustain its operations in procuring wheat during the harvest season. UBF will be sourcing all of its wheat locally and will build enough buffer inventory to cope with supply chain disruptions compounded by the Russian invasion of Ukraine. It will also help TBF and TBF Pizza enhance its operations by providing financing for the construction of its new KFC and Pizza Hut warehouses, expansion of 8 additional quick service restaurants, and maintenance capital expenditures.
Objectives and Scope
Linkage to Country/Regional Strategy
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance -
Credit Committee Meeting -
Approval 28 Nov 2022
Last PDS Update 16 Dec 2022

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Title Document Type Document Date
Tavan Bogd COVID-19 Food Security and Inclusive Job Creation Project: Draft Initial Environmental and Social Assessment Initial Environmental Examination Dec 2022
Tavan Bogd COVID-19 Food Security and Inclusive Job Creation Project: Environmental and Social Compliance Audit Report Environment and Social Compliance Audit Reports Nov 2022

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

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