Trade and Development Bank (TDB) has been a steadfast partner of the Oyu Tolgoi project since its inception, offering a wide range of financial services, including payments, supplier transactions, employee salaries, savings, and loans, at the highest standard. Despite the challenges posed by the pandemic and restrictions on in-person meetings, TDB successfully hosted a virtual signing ceremony to extend and improve the terms of its partnership agreement with Oyu Tolgoi LLC..
Oyu Tolgoi LLC is dedicated to fostering a sustainable network of domestic suppliers by enhancing their capabilities, improving operational standards, and supporting the development of import-substituting industries and services, significantly contributing to the growth of local businesses.
The updated agreement includes several improvements to the previous terms, allowing suppliers to access financing with lower interest rates, no fees or charges, and short turnaround times. This ensures the continuity of financial support for suppliers during uncertain economic conditions, enabling them to maintain a steady supply of products and services while safeguarding the financial stability of supplier companies and their employees.
For more detailed information, visit: https://bit.ly/3oFOSYZ.
TDB remains committed to offering tailored financial products and services to meet the needs of Oyu Tolgoi LLC’s suppliers under the most favorable terms possible, supporting both economic resilience and sustainable business growth.