European Investment Bank plans to invest in forest management projects

AKIPRESS.COM – The European Investment Bank (EIB) has expressed its willingness to finance projects in Mongolia based on public-private partnerships aimed at integrating sustainable forest management into socio-economic value chains, Montsame reported.

Deputy Minister of Environment and Climate Change Munkhtamir Batbayar, Ambassador of Mongolia to Belgium Bold Luvsanvandan and a delegation led by EIB Global Director General Andrew McDowell discussed potential cooperation at the meeting.

The sides also agreed to take concrete steps in the near term to accelerate environmental protection and the green transition, the Ministry of Environment and Climate Change said.

In addition, Mongolia and the European Union plan to sign an agreement to formalize investment and cooperation during the 17th Conference of the Parties to the United Nations Convention to Combat Desertification, with the participation of stakeholders implementing the Forest Partnership between the two sides.