Mongolia, Sept. 16 -- The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are encouraging more households and businesses in Mongolia to invest in green and innovative measures that promote the efficient use of water, sustainable land management and greater resource efficiency by launching the next phase of GEFF, Greening Financial Systems (GFS) framework in the country's capital Ulaanbaatar.Although officially announced today, the GFS has already started operating in Mongolia. Earlier this year, the EBRD approved a loan of US$ 80 million (€ 69 million) to Khan Bank under the framework, as part of a wider US$ 170 million (€ 146 million) financing package. Other financial institutions are e...