Mongolia Financial Sector Assessment : Access to Finance
Mongolia's economy has embarked on a very high, long-term growth trajectory. To realize fully its economic potential, Mongolia needs to build a diversified, efficient and stable financial system, capable of intermediating both on a large scale...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/282261468275063059/Mongolia-Access-to-finance-technical-note http://hdl.handle.net/10986/27091 |
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okr-10986-27091 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCOUNTS RECEIVABLES AFFORDABLE PRICES AGRICULTURAL BANK APR ATM AUTOMATIC TELLER AVAILABILITY OF COLLATERAL BACKED LOANS BALANCE SHEET BANK ACCOUNT BANK ASSETS BANK BRANCH BANK BRANCHES BANK CREDIT BANK LENDING BANK LOAN BANK LOANS BANKING SERVICE BANKING SERVICES BANKING SYSTEM BANKRUPTCY BANKRUPTCY LEGISLATION BANKS BORROWER BORROWING BORROWINGS BUSINESS ACTIVITIES BUSINESS ASSOCIATION BUSINESS LOANS BUSINESS PLANS CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL MARKET CAR LOANS CASH FLOW CASH FLOWS CHECKING ACCOUNTS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANKS CONSUMER PROTECTION CONSUMER PROTECTION LAW CONTRIBUTION CONTRIBUTIONS CORPORATE DEPOSITS CORRUPTION CREDIT ALLOCATION CREDIT BUREAU CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT COOPERATIVE CREDIT COOPERATIVES CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT INFORMATION SYSTEM CREDIT INSTITUTIONS CREDIT LINES CREDIT PRODUCTS CREDIT PROGRAM CREDIT RATING CREDIT REGISTRY CREDIT REPORTING CREDIT RISK CREDIT SCORING CREDIT SCORING MODELS CREDITOR CREDITORS CREDITWORTHINESS CURRENCY EXCHANGE CURRENT ACCOUNTS DEBIT CARDS DEBT DEBTS DECEPTIVE PRACTICES DEMAND FOR CREDIT DEPOSIT DEPOSIT ACCOUNTS DEPOSITORS DEPOSITS DEVELOPMENT BANK DIRECT DEPOSIT DIRECT DEPOSITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC TRANSFERS EMPLOYERS ENFORCEMENT MECHANISM ENTREPRENEURS EQUITY FINANCING EXCHANGE RATE FINANCIAL ACCESS FINANCIAL ASSISTANCE FINANCIAL DIFFICULTIES FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKET FINANCIAL OBLIGATIONS FINANCIAL PRODUCTS FINANCIAL PROVIDERS FINANCIAL RESPONSIBILITY FINANCIAL SECTOR FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICE FINANCIAL SYSTEM FISCAL POLICY FIXED ASSETS FIXED CAPITAL FOREIGN CURRENCY FORMAL FINANCIAL INSTITUTION FUNDING SOURCES GOVERNMENT POLICIES GREATER ACCESS HIGH INTEREST RATES HOUSEHOLD DEPOSITS HOUSEHOLDS IMPORT DUTY INCOME-GENERATING ACTIVITIES INFORMATION ABOUT CREDIT INFORMATION SERVICE INFORMATION SHARING INFORMATION TECHNOLOGY INITIAL FUNDING INSTITUTIONAL CAPACITY INTEREST RATE LEGAL REQUIREMENTS LENDERS LENDING REQUIREMENTS LINE OF CREDIT LIVESTOCK INSURANCE LOAN LOAN AMOUNT LOAN AMOUNTS LOAN APPLICATIONS LOAN DECISION LOAN GUARANTEES LOAN PAYMENTS LOAN PORTFOLIO LOAN PRODUCTS LOAN REPAYMENT LOAN SIZE LOAN SIZES LOAN TERM LOAN TERMS LOANS FROM FRIENDS LONG-TERM FUNDING MARKET INEFFICIENCIES MARKET SHARE MERCHANTS MICRO-FINANCE MICRO-LOANS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LENDING MICROFINANCE LOANS MONETARY POLICY MORTGAGE MORTGAGE LOAN MORTGAGE LOANS MORTGAGES OUTSTANDING BALANCE OVERDRAFT OVERDRAFT LOANS PARTIAL CREDIT PAYMENT INFRASTRUCTURE PENETRATION RATE PENETRATION RATES PENSION FUNDS POINT OF SALE POINT-OF-SALE PRIVATE CREDIT PRIVATE LENDERS PROVISION OF FINANCE PUBLIC CREDIT REAL ESTATE REGISTRATION SYSTEM REMITTANCES RURAL BRANCH RURAL CLIENTS SALES SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SAVINGS BANK SAVINGS PRODUCTS SECURITIES SHORT-TERM DEPOSITS SMALL BORROWERS SMALL BUSINESSES SMALL ENTERPRISES SMALL LOAN SMALL LOANS SOFT LOANS SOURCES OF FINANCE START-UP STUDENT LOANS SUB-LOANS SUBSIDIZATION TAX INCENTIVES TECHNICAL ASSISTANCE TERM CREDIT TRADE FINANCING TUITION UNFAIR COMPETITION UNION URBAN AREAS WORKING CAPITAL |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCOUNTS RECEIVABLES AFFORDABLE PRICES AGRICULTURAL BANK APR ATM AUTOMATIC TELLER AVAILABILITY OF COLLATERAL BACKED LOANS BALANCE SHEET BANK ACCOUNT BANK ASSETS BANK BRANCH BANK BRANCHES BANK CREDIT BANK LENDING BANK LOAN BANK LOANS BANKING SERVICE BANKING SERVICES BANKING SYSTEM BANKRUPTCY BANKRUPTCY LEGISLATION BANKS BORROWER BORROWING BORROWINGS BUSINESS ACTIVITIES BUSINESS ASSOCIATION BUSINESS LOANS BUSINESS PLANS CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL MARKET CAR LOANS CASH FLOW CASH FLOWS CHECKING ACCOUNTS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANKS CONSUMER PROTECTION CONSUMER PROTECTION LAW CONTRIBUTION CONTRIBUTIONS CORPORATE DEPOSITS CORRUPTION CREDIT ALLOCATION CREDIT BUREAU CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT COOPERATIVE CREDIT COOPERATIVES CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT INFORMATION SYSTEM CREDIT INSTITUTIONS CREDIT LINES CREDIT PRODUCTS CREDIT PROGRAM CREDIT RATING CREDIT REGISTRY CREDIT REPORTING CREDIT RISK CREDIT SCORING CREDIT SCORING MODELS CREDITOR CREDITORS CREDITWORTHINESS CURRENCY EXCHANGE CURRENT ACCOUNTS DEBIT CARDS DEBT DEBTS DECEPTIVE PRACTICES DEMAND FOR CREDIT DEPOSIT DEPOSIT ACCOUNTS DEPOSITORS DEPOSITS DEVELOPMENT BANK DIRECT DEPOSIT DIRECT DEPOSITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC TRANSFERS EMPLOYERS ENFORCEMENT MECHANISM ENTREPRENEURS EQUITY FINANCING EXCHANGE RATE FINANCIAL ACCESS FINANCIAL ASSISTANCE FINANCIAL DIFFICULTIES FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKET FINANCIAL OBLIGATIONS FINANCIAL PRODUCTS FINANCIAL PROVIDERS FINANCIAL RESPONSIBILITY FINANCIAL SECTOR FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICE FINANCIAL SYSTEM FISCAL POLICY FIXED ASSETS FIXED CAPITAL FOREIGN CURRENCY FORMAL FINANCIAL INSTITUTION FUNDING SOURCES GOVERNMENT POLICIES GREATER ACCESS HIGH INTEREST RATES HOUSEHOLD DEPOSITS HOUSEHOLDS IMPORT DUTY INCOME-GENERATING ACTIVITIES INFORMATION ABOUT CREDIT INFORMATION SERVICE INFORMATION SHARING INFORMATION TECHNOLOGY INITIAL FUNDING INSTITUTIONAL CAPACITY INTEREST RATE LEGAL REQUIREMENTS LENDERS LENDING REQUIREMENTS LINE OF CREDIT LIVESTOCK INSURANCE LOAN LOAN AMOUNT LOAN AMOUNTS LOAN APPLICATIONS LOAN DECISION LOAN GUARANTEES LOAN PAYMENTS LOAN PORTFOLIO LOAN PRODUCTS LOAN REPAYMENT LOAN SIZE LOAN SIZES LOAN TERM LOAN TERMS LOANS FROM FRIENDS LONG-TERM FUNDING MARKET INEFFICIENCIES MARKET SHARE MERCHANTS MICRO-FINANCE MICRO-LOANS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LENDING MICROFINANCE LOANS MONETARY POLICY MORTGAGE MORTGAGE LOAN MORTGAGE LOANS MORTGAGES OUTSTANDING BALANCE OVERDRAFT OVERDRAFT LOANS PARTIAL CREDIT PAYMENT INFRASTRUCTURE PENETRATION RATE PENETRATION RATES PENSION FUNDS POINT OF SALE POINT-OF-SALE PRIVATE CREDIT PRIVATE LENDERS PROVISION OF FINANCE PUBLIC CREDIT REAL ESTATE REGISTRATION SYSTEM REMITTANCES RURAL BRANCH RURAL CLIENTS SALES SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SAVINGS BANK SAVINGS PRODUCTS SECURITIES SHORT-TERM DEPOSITS SMALL BORROWERS SMALL BUSINESSES SMALL ENTERPRISES SMALL LOAN SMALL LOANS SOFT LOANS SOURCES OF FINANCE START-UP STUDENT LOANS SUB-LOANS SUBSIDIZATION TAX INCENTIVES TECHNICAL ASSISTANCE TERM CREDIT TRADE FINANCING TUITION UNFAIR COMPETITION UNION URBAN AREAS WORKING CAPITAL World Bank Mongolia Financial Sector Assessment : Access to Finance |
| geographic_facet |
East Asia and Pacific Mongolia |
| description |
Mongolia's economy has embarked on
a very high, long-term growth trajectory. To realize fully
its economic potential, Mongolia needs to build a
diversified, efficient and stable financial system, capable
of intermediating both on a large scale and in specific
market segments. Access to financial services in Mongolia is
relatively high when measured by the demographic penetration
of branches. The aim of this technical note is to assess the
level of access to finance in Mongolia, and especially for
Micro, Small and Medium Enterprises (MSMEs), to identify key
obstacles to improving access, and to provide
recommendations to overcome these obstacles. The technical
note is organized as follows. Section one provides a broad
overview of the macroeconomic environment and is followed by
section two on the status of access to finance in Mongolia.
Section three discusses products and market segments.
Section four examines the supply of financial services by
analyzing the role of key market players. Section five
examines the demand for financial services by drawing on
enterprise surveys to assess firms perceptions of their
access to finance, and analyzes financing conditions for
MSMEs. Section six examines obstacles in the regulatory,
supervisory framework, and financial infrastructure for
access to finance. Section seven describes the main
government programs related to access to finance. In
conclusion, section eight provides policy recommendations
for overcoming obstacles to enhancing access to finance. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Mongolia Financial Sector Assessment : Access to Finance |
| title_short |
Mongolia Financial Sector Assessment : Access to Finance |
| title_full |
Mongolia Financial Sector Assessment : Access to Finance |
| title_fullStr |
Mongolia Financial Sector Assessment : Access to Finance |
| title_full_unstemmed |
Mongolia Financial Sector Assessment : Access to Finance |
| title_sort |
mongolia financial sector assessment : access to finance |
| publisher |
Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/282261468275063059/Mongolia-Access-to-finance-technical-note http://hdl.handle.net/10986/27091 |
| _version_ |
1764463523562258432 |
| spelling |
okr-10986-270912021-04-23T14:04:40Z Mongolia Financial Sector Assessment : Access to Finance World Bank ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCOUNTS RECEIVABLES AFFORDABLE PRICES AGRICULTURAL BANK APR ATM AUTOMATIC TELLER AVAILABILITY OF COLLATERAL BACKED LOANS BALANCE SHEET BANK ACCOUNT BANK ASSETS BANK BRANCH BANK BRANCHES BANK CREDIT BANK LENDING BANK LOAN BANK LOANS BANKING SERVICE BANKING SERVICES BANKING SYSTEM BANKRUPTCY BANKRUPTCY LEGISLATION BANKS BORROWER BORROWING BORROWINGS BUSINESS ACTIVITIES BUSINESS ASSOCIATION BUSINESS LOANS BUSINESS PLANS CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL MARKET CAR LOANS CASH FLOW CASH FLOWS CHECKING ACCOUNTS COLLATERAL COLLATERAL REQUIREMENTS COMMERCIAL BANKS CONSUMER PROTECTION CONSUMER PROTECTION LAW CONTRIBUTION CONTRIBUTIONS CORPORATE DEPOSITS CORRUPTION CREDIT ALLOCATION CREDIT BUREAU CREDIT BUREAUS CREDIT CARD CREDIT CARDS CREDIT COOPERATIVE CREDIT COOPERATIVES CREDIT GUARANTEE CREDIT GUARANTEES CREDIT HISTORIES CREDIT HISTORY CREDIT INFORMATION CREDIT INFORMATION BUREAU CREDIT INFORMATION SYSTEM CREDIT INSTITUTIONS CREDIT LINES CREDIT PRODUCTS CREDIT PROGRAM CREDIT RATING CREDIT REGISTRY CREDIT REPORTING CREDIT RISK CREDIT SCORING CREDIT SCORING MODELS CREDITOR CREDITORS CREDITWORTHINESS CURRENCY EXCHANGE CURRENT ACCOUNTS DEBIT CARDS DEBT DEBTS DECEPTIVE PRACTICES DEMAND FOR CREDIT DEPOSIT DEPOSIT ACCOUNTS DEPOSITORS DEPOSITS DEVELOPMENT BANK DIRECT DEPOSIT DIRECT DEPOSITS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC TRANSFERS EMPLOYERS ENFORCEMENT MECHANISM ENTREPRENEURS EQUITY FINANCING EXCHANGE RATE FINANCIAL ACCESS FINANCIAL ASSISTANCE FINANCIAL DIFFICULTIES FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MARKET FINANCIAL OBLIGATIONS FINANCIAL PRODUCTS FINANCIAL PROVIDERS FINANCIAL RESPONSIBILITY FINANCIAL SECTOR FINANCIAL SECTOR ASSESSMENT FINANCIAL SERVICE FINANCIAL SYSTEM FISCAL POLICY FIXED ASSETS FIXED CAPITAL FOREIGN CURRENCY FORMAL FINANCIAL INSTITUTION FUNDING SOURCES GOVERNMENT POLICIES GREATER ACCESS HIGH INTEREST RATES HOUSEHOLD DEPOSITS HOUSEHOLDS IMPORT DUTY INCOME-GENERATING ACTIVITIES INFORMATION ABOUT CREDIT INFORMATION SERVICE INFORMATION SHARING INFORMATION TECHNOLOGY INITIAL FUNDING INSTITUTIONAL CAPACITY INTEREST RATE LEGAL REQUIREMENTS LENDERS LENDING REQUIREMENTS LINE OF CREDIT LIVESTOCK INSURANCE LOAN LOAN AMOUNT LOAN AMOUNTS LOAN APPLICATIONS LOAN DECISION LOAN GUARANTEES LOAN PAYMENTS LOAN PORTFOLIO LOAN PRODUCTS LOAN REPAYMENT LOAN SIZE LOAN SIZES LOAN TERM LOAN TERMS LOANS FROM FRIENDS LONG-TERM FUNDING MARKET INEFFICIENCIES MARKET SHARE MERCHANTS MICRO-FINANCE MICRO-LOANS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE LENDING MICROFINANCE LOANS MONETARY POLICY MORTGAGE MORTGAGE LOAN MORTGAGE LOANS MORTGAGES OUTSTANDING BALANCE OVERDRAFT OVERDRAFT LOANS PARTIAL CREDIT PAYMENT INFRASTRUCTURE PENETRATION RATE PENETRATION RATES PENSION FUNDS POINT OF SALE POINT-OF-SALE PRIVATE CREDIT PRIVATE LENDERS PROVISION OF FINANCE PUBLIC CREDIT REAL ESTATE REGISTRATION SYSTEM REMITTANCES RURAL BRANCH RURAL CLIENTS SALES SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SAVINGS BANK SAVINGS PRODUCTS SECURITIES SHORT-TERM DEPOSITS SMALL BORROWERS SMALL BUSINESSES SMALL ENTERPRISES SMALL LOAN SMALL LOANS SOFT LOANS SOURCES OF FINANCE START-UP STUDENT LOANS SUB-LOANS SUBSIDIZATION TAX INCENTIVES TECHNICAL ASSISTANCE TERM CREDIT TRADE FINANCING TUITION UNFAIR COMPETITION UNION URBAN AREAS WORKING CAPITAL Mongolia's economy has embarked on a very high, long-term growth trajectory. To realize fully its economic potential, Mongolia needs to build a diversified, efficient and stable financial system, capable of intermediating both on a large scale and in specific market segments. Access to financial services in Mongolia is relatively high when measured by the demographic penetration of branches. The aim of this technical note is to assess the level of access to finance in Mongolia, and especially for Micro, Small and Medium Enterprises (MSMEs), to identify key obstacles to improving access, and to provide recommendations to overcome these obstacles. The technical note is organized as follows. Section one provides a broad overview of the macroeconomic environment and is followed by section two on the status of access to finance in Mongolia. Section three discusses products and market segments. Section four examines the supply of financial services by analyzing the role of key market players. Section five examines the demand for financial services by drawing on enterprise surveys to assess firms perceptions of their access to finance, and analyzes financing conditions for MSMEs. Section six examines obstacles in the regulatory, supervisory framework, and financial infrastructure for access to finance. Section seven describes the main government programs related to access to finance. In conclusion, section eight provides policy recommendations for overcoming obstacles to enhancing access to finance. 2017-06-13T18:57:20Z 2017-06-13T18:57:20Z 2012-06 Report http://documents.worldbank.org/curated/en/282261468275063059/Mongolia-Access-to-finance-technical-note http://hdl.handle.net/10986/27091 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Financial Sector Assessment Program Economic & Sector Work East Asia and Pacific Mongolia |