- Xac Bank
|Borrower||Xac Bank (XB)|
|Financing Type||Private Sector & Trade Finance|
|OPEC Fund Contribution (US$m)||25.00|
To support XacBank’s international trade activities and help it underpin the lending growth during the expected economic recovery of Mongolia, and enable the bank to provide more financing support to MSMEs and trade. The financing will also support foreign direct investment into the banking sector in Mongolia and improve the bank’s liquidity profile. Financing trade is fundamental to the movement of goods at all stages of the supply chain and can have a strong socioeconomic impact on developing countries.