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    Leveraging SME Finance Through Value Chains in the Carec Landlocked Economies

    Boojoo, Lakshmi | October 2019
    Abstract
    This paper analyzes the situation of SMEs in Mongolia, especially their financial situation and financing mechanisms, the business environment, the existing policies, and value chain analysis, and makes suggestions for enhancing their development. Value chains that have their potential developed further are the cashmere, tourism, fruit, and berry sectors. Key factors in the development of SMEs in Mongolia are discussed along with factors hindering their development. There is no unified database on SMEs and different organizations are responsible for gathering data on them. Thus the statistics on SMEs are inconsistent and fragmented. Therefore, it is difficult to present a clear picture of SMEs and make sound policies based on reliable, coherent analysis and data in favor of SMEs. Due to the sparse population, traditional banking services are costly, especially outside of the residential areas. A lack of sound credit infrastructure and governmental regulations are the main problems in the credit market for SMEs. Financial institutions offer only a few available financial products, due to the underdeveloped Mongolian financial sectors, insufficient government support, and the lack of a regulatory framework. The paper concludes by emphasizing the need to: (i) improve the quality of data on SMEs and establish the relevance of in-depth study of financial literacy to obtain a clear picture of them and develop effective policies; (ii) improve the regulatory framework for business, especially the fair competitiveness regulations; (iii) develop the regulatory framework for other sources of funding; (iv) develop a long-term national program for SMEs.
    Citation
    Boojoo, Lakshmi. 2019. Leveraging SME Finance Through Value Chains in the Carec Landlocked Economies. © Asian Development Bank Institute. http://hdl.handle.net/11540/11245.
    Keywords
    Urban Development Finance
    Trade Finance
    Small Business Finance
    Rural Finance
    Roundtable on International Trade and Finance
    Regional Development Finance
    Public Service Finance
    Public Finance
    Project Finance
    Private Finance
    Nonbank Financing
    Non-Bank Financial Institutions
    Municipal Finance
    Local Government Finance
    Local Currency Financing
    Limited Resource Financing
    International Financial Institutions
    Infrastructure Financing
    Industrial Finance
    Government Financial Institutions
    Government Finance
    Financing of Infrastructure
    Financial Sector Development
    Financial Regulation
    Small Business Finance
    Taxation
    Public Accounting
    National Budget
    Municipal Bonds
    Local Government
    Local Taxes
    International Monetary Relations
    International Financial Market
    International Banking
    Central Banks
    Business Financing
    Capital Resources
    Budgetary Policy
    Capital Needs
    Corporate Divestiture
    Capital Instruments
    Pension Funds
    Insurance Companies
    Banks
    Portfolio Management
    Fiscal Administration
    Economics of Education
    Development Banks
    Bonds
    Small business
    Medium business
    Small to medium sized enterprises
    SMEs
    Use tax
    Taxing power
    State of taxation
    Tax-sales
    Tax revenue estimating
    Tax planning
    Spendings tax
    Special assessments
    Tax administration and procedure
    Sales tax
    Real property and taxation
    Progressive taxation
    Effect of taxation on land use
    Effect of taxation on labor supply
    Intergovernmental tax relations
    Inheritance and transfer tax
    Energy tax
    Small business
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    Citable URI
    http://hdl.handle.net/11540/11245
    Metadata
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    adbi-wp1019.pdf (689.0Kb)
    Author
    Boojoo, Lakshmi
    Theme
    Finance
    Small Medium Business
     
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise