People in Vanuatu are set to benefit from a new national digital payment platform, part of an ongoing transformation of the nation's financial infrastructure to build a modern, resilient financial system.

A new agreement between IFC and the Mongolian Bankers Association will help improve access to funding for 200,000 micro, small and medium enterprises cumulatively over the next five years by developing a vibrant market for value chain finance in Mongolia.

The initiative aims to develop green financing, as well as improving access to financial products and services for the country’s micro, small and medium enterprises.