KhanLex advised European Bank for Reconstruction and Development on its loan to VisionFund Mongolia NBFI LLC.
The loan will support VisionFund Mongolia to offer financing to MSMEs in Mongolia.
VisionFund Mongolia is a microfinance institution working with low income clients living in vulnerable and rural communities of Mongolia by offering financial and livelihood solutions.
Amendments to Banking Act of Mongolia seek to introduce important reforms to both the banking sector and the securities market
On January 29, 2021, the Parliament of Mongolia approved amendments to the 2010 Banking Act