IFC Provides $65 Million to XacBank to Expand Lending to Small Businesses in Mongolia
IFC, a member of the World Bank Group, is providing a $65 million loan to XacBank to support the expansion of access to finance for more than 44,000 micro, small and medium enterprises (MSMEs), to create jobs and promote economic diversification in Mongolia.
MoreG. Tsevegjav: Digital transformation is going successfully
Mr. Tsevegjav Gumenjav's, CEO of XacBank, interview with Mongolian Economy magazine for 95th anniversary of the establishment of Mongolia's banking sector.
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