Tavan Bogd COVID-19 Wheat Supply Chain Liquidity Support Project

The transaction involves a loan of up to $15,000,000 or its equivalent in togrog, comprising (i) a loan of up to $10,000,000 or its equivalent in togrog to Ulaanbaatar Flour Limited Liability Company (UBF) and (ii) a loan of up to $5,000,000 or its equivalent in togrog to Tavan Bogd Foods Limited Liability Company (TBF) for the Wheat Supply Chain and Food Security Project in Mongolia.The project will provide essential liquidity support to UBF and TBF so that they can sustain their operations during the coronavirus disease (COVID-19) crisis. The project will contribute to food security in Mongolia by ensuring a stable supply of wheat flour, the country's main staple, and flour products. The project will also preserve the livelihood of 4,000 wheat farmers and farm workers, 2,000 employees, and 2,000 sales agents.