The EBRD and the European Union (EU) are working together to create a better business environment and a stronger SME sector in Mongolia.
We are helping small to medium-sized businesses (SMEs) in Mongolia by working to improve the business environment in which they operate and by strengthening key organisations and institutions that affect the private sector. Since the SME sector is one of the most important for the Mongolian economy, accounting for 50 per cent of employment, we are also making a strong contribution to alleviating poverty.
The programme integrates various types of the EBRD’s activities in support of private sector SME development, offering four related instruments of:
Instrument 1: Indirect financing to SMEs via credit lines to partner financial institutions for on-lending to mostly micro and small companies
Instrument 2: Risk sharing/co-financing with partner financial institutions on their loans to mostly small and medium-sized companies
Instrument 3: Business advice to SMEs
Instrument 4: Policy dialogue to develop new financial products and strengthen business associations
In 2016, the European Bank for Reconstruction and Development (EBRD, or the Bank) started the implementation of the European Union Asian Investment Facility (EU AIF)-funded €9.3 million Programme to Support for Mongolian Economic Diversification through SME Access to Finance.
The Programme targets micro-small and medium sized companies in a variety of industries, excluding the extractive mining industries sectors. It covers all 21 provinces of Mongolia, endeavours to increase financing for rural SMEs and integrates the following four related instruments:
For more information on Support for Mongolian Economic Diversification through SME Access to Finance and how your business could benefit from business advice, please contact: firstname.lastname@example.org or +976 11317974/ +976 11319278.