Options for post pandemic business recovery for MSME in Mongolia
The impact of COVID-19 on businesses in Mongolia has been severe depending on size, sector, and other characteristics, but smaller businesses were hit harder than larger ones. Micro, small, and medium-sized enterprises (MSMEs) are one of the most dynamic sectors in Mongolia. This sector comprises 77% of total registered business entities; 72% of the total workforce; 17.8% of Gross Domestic Product; and 2.3% of total exports. Women make up a large share of MSME entrepreneurs in Mongolia.
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