ADB lends €166mn to China to improve conditions along Inner Mongolia border ADB approved the $420 million multitranche financing facility (MFF) to improve economic opportunities and living conditions among communities along the border between the IMAR in the PRC and Mongolia on 21 October 2020.ADB | Manila | Updated: 11-12-2020 10:57 IST | Created: 11-12-2020 10:57 IST Representative Image Image Credit: ANI The Asian Development Bank (ADB) and the Government of the People's Republic of China (PRC) have signed a loan agreement and project agreements for the Inner Mongolia Sustainable Cross-Border Development Investment Program — Project 1 totaling €166.53 million (about $200 million). Signing for ADB today was People's Republic of China Resident Mission Country Director Yolanda Fernandez Lommen while PRC Deputy Director-General of Finance Han Bin and designated officials from the Inner Mongolia Autonomous Region (IMAR), including Chairman of IMAR government Bu Xiaolin, mayors of Baotou and Erenhot municipal governments, and chairman of Bank of Inner Mongolia, signed for the PRC.