Mongolia, June 5 -- The International Finance Corporation (IFC) and the Financial Regulatory Commission (FRC) of Mongolia have renewed their partnership to further advance sustainable finance in Mongolia by signing a new Memorandum of Understanding (MOU). This agreement also marks the launch of the second phase of the IFC Green Finance Market Development Project.Mongolia has made significant progress in promoting green finance through various initiatives. In 2021, with support from the Government of Japan through its Comprehensive Trust Fund, IFC assisted the FRC in formulating Mongolia's Green Bond Regulation and Guideline documents. Since then, seven corporate green and social bond transactions have been successfully issued in both local ...