ADB and XacBank sign private sector loan to support MSMEs
On December 16, the Asian Development Bank (ADB) and XacBank signed a $30 million A loan agreement—as part of a financing package which includes cofinanciers—to support expansion of XacBank LLC’s financing to micro, small, and medium-sized enterprises (MSMEs) in Mongolia, focusing on those owned by women and located outside Ulaanbaatar.
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