IFC to support external trade of Mongolia
IFC to support external trade of Mongolia.
IFC to support external trade of Mongolia. International Finance Corporation (IFC) is providing a trade guarantee of up to USD 10 million to Golomt Bank. This will help the bank to support businesses, especially SMEs, to solidify import and export relationships within the energy, agriculture and commodity sectors. The CEO of Golomt Bank said this engagement will help the bank to address the increasing demand for trade finance, particularly as Oyu Tolgoi’s phase two ramps up. The Resident Representative for IFC in Mongolia told that greater access to trade finance will help companies in Mongolia, especially SMEs, import and export their goods, strengthening and diversifying trade links between Mongolia and partners around the world.
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