MULTILATERAL MEETING ON CURRENT CAPITAL LOAN ISSUES

On 23rd 2021, Dondogdorj.M, Head of the light industry policy implementation coordination department of MOFALI, Tumur.D, Inspector the Bank of Mongolia’s restricting and policy department, Delgermaa.D, Director of product development department of the Trade Development Bank, Enkhbaatar.D, Vice President of the risk management of Khan Bank and representatives of the sector’s exporters and enterprises organized a multilateral meeting to discuss cashmere working capital loans and priorities for obtaining loans in the near future.
The meeting was briefed on the implementation and repayment of loans issued in 2021, working capital loans in 2022 and the work being done by the working group on “Supporting cashmere export and creating a stable financing system” in cooperation with the Bank of Mongolia.
Participants exchanged views on the need for working capital loans in 2022, loan issuance during the preparation of raw materials the extension of the term by 3 years, and the release of new products for the evaluation of loan collateral.

November 23, 2021