PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599274

Primary Business Area

Access To Finance

Disclosure Date

Jan 13, 2014

Country

Mongolia

Region

East Asia and the Pacific

IFC Approval Date

Sep 18, 2013

Status

Completed

Estimated Total Budget

$836,810.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2016

Project Description

To facilitate the development of a modern secured financing system in Mongolia, this project will focus on the following three areas: (i) Support the Mongolian Government to improve the legal and regulatory framework for secured transactions by finalizing and implementing the new Pledge Law. (ii) Institutional strenghtening and development of a new web-based registration system for movable assets. (iii) Develop the capacity of the credit industry on movables lending practices.

Development Results

E&S Risks / Impacts and Mitigation