RSBP Objective
The main objective of the RSBP is to transfer know how in the field of MSME finance and best practices in providing financial services to MSMEs in Mongolia by:
- Systematic and electronic sharing of proven knowledge in the field of MSME finance;
- Establishing a knowledge sharing and exchange platform accessible to players in MSME finance in Mongolia;
- Regularly providing class room training to financial institutions in Mongolia.
Key stakeholders
The Regional Small Business Programme – RSBP – for Mongolia is a project of IPC International Projekt Consult GmbH, initiated by the European Bank for Reconstruction and Development (EBRD) and funded by the Shareholders’ Special Fund.
The EBRD owned by 67 countries from five continents as well as the European Union and the European Investment Bank. The Bank was originally set up in 1991 to promote the development of market-oriented economies as well as private and entrepreneurial initiative in Central and Eastern Europe. Over the years, EBRD expanded its activities to include other regions, including Mongolia, and focuses on helping business flourish by making investments, providing business services and by its involvement in high-level policy dialogue. EBRD’s aim is to promote entrepreneurship and change lives.
The EU is a unique economic and political union between 28 European countries and was created in the aftermath of the Second World War. The first steps were to foster economic cooperation: the idea being that countries that trade with one another become economically interdependent and so more likely to avoid conflict. The result was the European Economic Community (EEC), created in 1958, and initially increasing economic cooperation between six countries. Since then, a huge single market has been created and continues to develop towards its full potential.
Implementation
German consulting company IPC – Internationale Projekt Consult GmbH is responsible for implementing the RSBP for Mongolia. IPC is a renowned player in the field of MSME finance with over 35 years of experience in breaking new ground in the field of development. IPC advises institutions offering financial services to MSMEs and agricultural businesses, supports financial institutions in operating and offering services in an environmentally sound manner and advises financial and educational institutions on developing and implementing training programmes.