Background

Securing supplies of specialized construction and loading equipment to Mongolia

  • Mongolia
  • Trade and Development Bank of Mongolia (TDBM)
  • 2020
  • EUR 1.2 mln
  • Transport
  • The reimbursement undertaking was issued in favor of one of the leading European banks within the framework of the implementation of a foreign trade contract for the supply of specialized construction and loading equipment - mobile truck cranes to Mongolia. The purchased machines belong to the latest generation, meeting the most modern safety standards, as well as environmental standards for noise level, fuel consumption and harmful emissions. Thanks to the trade finance products offered by IBEC, the TDBM letter of credit worth about EUR 1.2 million is being executed with a delay of up to 10 months.
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