Foreign Investment and Foreign Trade Agency of Mongolia (FIFTA), the government implementing agency celebrated its 15th anniversary and during the ceremony FIFTA selected the Best Foreign Investment supporting organizations for the promotion and facilitation of foreign direct investment and foreign trade in Mongolia.
On this ceremony Trade and Development Bank (TDB) of Mongolia has received award of “Investment envoy”. The award of “Investment envoy” expresses importance of TDB‘s contribution to the promotion of Mongolia as a destination for new investment and business, providing investors with first-hand information; advice and guidance on making investment and doing business in Mongolia; facilitation of foreign investment and foreign trade towards meeting the national goals of industrial development and export growth.
TDB has always played a principal role in investment conferences, which draw international level experience with high level investors and decision-makers. The bank organizes every year “Investment forums” in cooperation with FIFTA for the last 10 years in order to increase efficiency of FDI in the country’s economy, to advertise and influence in creating more favorable environment for foreign investors, to implement new technology and management methodology and to share views and information, explore ideas with foreign investors.
TDB acts as a primary lender to most of the country’s leading corporations as well as foreign corporations and foreign representative offices across all major industrial and commercial sectors and has correspondent relationships with over 150 international financial institutions, thus becoming financial gateway to Mongolia.