Mongolia Export Development Project

closed

The development objective of Export Development Project for Mongolia is to support Mongolian small and medium size firms (SMEs) in the non-mining sectors to strengthen their export capabilities and expand access to export markets. This project has three components as follows: 1) The firs component, Development of a new line of export finance products, will provide financial, technical, and institutional development support to the Agricultural Reinsurance Joint Stock Company (AgRe) in building a new line of export finance products. It has the following two subcomponents: (i) knowledge transfer and capacity building for the Agricultural Reinsurance Joint Stock Company (AgRe); and (ii) equity injection to AgRe’s Export Insurance Subsidiary. The second component, Export competitiveness enhancement, will provide funding for (i) export-related training programs and (ii) matching grants which would support various expenditures by exporters directed at enhancing competitiveness of individual SMEs in global markets. It has two subcomponents as follows: (i) training and research on foreign trade; and (ii) matching grants to promote export competitiveness. 3) The third component, Project Implementation Support, will provide its services for all three components of the project.