At the beginning of the meeting, Minister B.Batzorig presented the current conditions of food, agriculture and light industry sector and SMEs in Mongolia, including the draft law on promoting SMEs.

Mr. William Tompson mentioned that under the project on promoting SMEs, four recommendations have been worked out on developing cooperation between banks and financial institutions, improving credit guarantee system, easing the process of receiving loans, and improving the knowledge of entrepreneurs.

In response, Minister B.Batzorig expressed gratitude to the OECD for making significant contribution to the development of the SMEs in Mongolia, and forwarded a request to support Mongolia in creating credit products meeting SMEs demands, enhancing financial access, improving fund governance and activities encouraging SMEs, boosting exports of agricultural and light industrial products.

The sides highlighted an importance of trade and transportation issues for augmenting agricultural and light industrial products’ export and agreed to work on ‘Improving Transport Connectivity in Central Asia’ project in 2018.

M.Anudari