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governemnt

IFC launches innovative Mongolia Tugrik to help micro and rural entrepreneurs amid COVID-19

3 mins read

The FINANCIAL — About 15,000  micro, rural and women entrepreneurs in the next three years are set to benefit from an innovative Mongolia Tugrik (MNT) denominated loan facility for Transcapital LLC, a leading non-bank financial institution in Mongolia, arranged by IFC, a member of the World Bank Group. The move is part of IFC’s strategic efforts to boost resilience in the country’s financial sector amid COVID-19. The facility includes a 3-year loan of about MNT 8.4 billion (about $3 million) from IFC’s own account and a syndicated loan of about MNT 25.2 billion (about $9 million) from Impact Investment funds…

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IFC launches innovative Mongolia Tugrik to help micro and rural entrepreneurs amid COVID-19

3 mins read

The FINANCIAL — About 15,000  micro, rural and women entrepreneurs in the next three years are set to benefit from an innovative Mongolia Tugrik (MNT) denominated loan facility for Transcapital LLC, a leading non-bank financial institution in Mongolia, arranged by IFC, a member of the World Bank Group. The move is part of IFC’s strategic…

European Parliament salutes the strengthening of EU-Georgia relations

6 mins read

The FINANCIAL — The European Parliament’s Foreign Affairs Committee adopted its new report taking stock of the implementation of the EU Association Agreement with Georgia on Monday evening. Members of the European Parliament welcome the continuous deepening of EU-Georgia relations. They underline the importance of editorial independence and non-discriminatory coverage of political views in programmes by private and, in…