The Government of Mongolia and Mongolian Re partnered with International Development Association, the World Bank to support SMEs in Mongolia’s non-mining sectors by strengthening their export capabilities and expand their access to export markets. The Project will provide training, and access to export credit insurance products for the SMEs.
Working capital insurance
Working capital cover insures a bank against the risk of not being paid by the exporter by providing security for the loan and thus taking over the main part of the risk faced by the financial institution.
Export credit insurance
Export credit cover insures an exporter against the risk of not being paid under an export contract or of not being able to recover the costs of performing that contract because of events which prevent its performance or lead to its termination.