PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608671

Primary Business Area

Financial Institutions Group

Disclosure Date

Feb 26, 2025

Country

Mongolia

Region

East Asia and the Pacific

IFC Approval Date

Feb 19, 2024

Status

Active

Estimated Total Budget

$265,086.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 27, 2025

Project Estimated Start Date

Feb 12, 2024

Project Estimated End Date

Sep 30, 2025

Client Legal Name

GOLOMT BANK LLC

Project Description

Through the partnership with Golomt Bank, this project will: 1) Conduct a comprehensive SME 360 assessment to evaluate key aspects of Golomt Bank's SME operations. 2) Identify gaps in the SME banking framework and create a roadmap for improvement. 3) Provide actionable recommendations that align with the bank’s long-term objectives. These recommendations will address existing challenges and focus on organizational structure, policies, products and services, and risk management.

Development Results

E&S Risks / Impacts and Mitigation