Financial Inclusion in Mongolia

East Asia and Pacific

Mongolia is a country in East Asia and Pacific. On this country page, you can find key financial inclusion knowledge resources and data available specifically for Mongolia, including the latest publications, news and events. 

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Key Financial Inclusion Data

The charts below, based on the latest available Global Findex data, explore key financial inclusion trends in Mongolia. Find out how the country compares to others in the region and across the globe on important aspects of financial inclusion such as account ownership and usage, the gender disparity in financial inclusion and financial resilience.
 

Account Ownership

Percent of adults age 15+ with an account at a financial institution or through a mobile money provider. Regional data excludes high-income economies.

Source: Global Findex Database

Gender Gap in Account Ownership

Percent of adults age 15+ with an account. Regional data excludes high-income economies.

Source: Global Findex Database

Use of Financial Services

Percent of adults age 15+. Regional data excludes high-income economies.

Source: Global Findex Database

Publications

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Paper

Establishing a Financial Services Ombudsman in Mongolia: Experiences and Lessons From Armenia, Australia, and Singapore

This paper shares insights from three long-standing financial alternative dispute resolution systems in Armenia, Australia, and Singapore with a goal to help strengthen financial consumer protection in Mongolia and other countries.

Massimiliano Gangi, Jami Hubbard Solli, Jennifer Romero-Torres
Asian Development Bank (ADB)
Paper

Sustainable Recovery Options for Mongolia’s Micro, Small, and Medium-Sized Enterprises

How was the sector affected by the crises brought about by the pandemic and how can it recover?

Veronica Joffre, Bolormaa MendizabalLuvsandorj
Asian Development Bank (ADB)
Paper

Managing Agricultural Risk at the Country Level: The Case of Index-Based Livestock Insurance in Mongolia

Resource from the Agriculture Finance Support Facility (AgriFin)
Agricultural Finance Support Facility (AgriFin)

News & Events

Members of the financial inclusion community contributed the following news and events.

News

IFC and MBA Work To Improve Access to Funding for Micro, Small and Medium Enterprises in Mongolia

/ International Finance Corporation (IFC)

Mongolia: IFC and Financial Regulatory Commission Join Hands to Develop Green Finance and Improve Access to Funding for Small & Medium Enterprises

/ International Finance Corporation (IFC)

IFC Provides $65 Million to XacBank to Expand Lending to Small Businesses in Mongolia

/ International Finance Corporation (IFC)
Post News View News

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