Ulaanbaatar, Mongolia, January 23, 2014—IFC, a member of the World Bank Group, signed an advisory agreement with one of Mongolia’s largest banks, XacBank, to expand financing to more small and medium enterprises, especially those run by women entrepreneurs.

The Mongolian bank becomes the second lender to join IFC’s Women in Business Program for East Asia and the Pacific, launched last year to help commercial banks provide more and better financial and business development services to small and medium women businesses.