Ulaanbaatar
‘Inclusive Green Finance’ to be continued under AFI’s in-country-implementation project
Economy
Ulaanbaatar/MONTSAME/. D. Bayarsaikhan, Chairman of the Financial
Regulatory Commission of Mongolia, met with Dr. Alfred Hannig, Executive
Director of the Alliance for Financial Inclusion (AFI). During the meeting,
they exchanged insights on further cooperation between the AFI and the FRC and
AFI’s priority policies toward financial inclusion.
They discussed the collaboration in increasing the inclusion
of local people living in rural areas, as their access to finance and financial
literacy vary depending on the geographical location in Mongolia. In
particular, they agreed to continue the ‘Inclusive Green Finance’ under the
AFI’s in-country-implementation project; implement technical assistance
projects in improving women-sensitive financial inclusion and increasing their
participation in microfinance institutions; and cooperate in increasing
financial access through fintech, diversifying financial services and increasing
efficiency.
At the end of the meeting, Dr. Alfred Hannig expressed his
gratitude to the FRC Mongolia, for its commitments and active participation to
advance financial inclusion. He also wished for the greatest possible success
and achievements in the next ECAPI meeting to be held in 2023 in Ulaanbaatar,
Mongolia.
