Ulaanbaatar
Workshop on supply chain finance and factoring taking place
Society
Ulaanbaatar
/MONTSAME/ The Financial Regulatory Committee (FRC) in collaboration with the International
Finance Corporation (IFC) is organizing a workshop for non-banking financial
institutions on supply chain finance and factoring on January 14-15.
Today’s
event brought together employees from 80 non-banking financial institutions
some of which have a factoring license and relevant officials of FRC.
Moreover, Jinchang
Lai, Lead Financial Sector Specialist and Lead for Financial Infrastructure,
Finance & Markets, East Asia & Pacific, IFC, World Bank Group and LIN
Hui. Regional Director for North East Asia, Factors Chain International shared best
practices and knowledge at the workshop.
Factoring
gives institutions an opportunity to provide low-risk financial services to
their customers and increase their profit and enhances solvency and provision of
goods and services of small and medium enterprises.
