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Financing private sector champions in Mongolia

Making ice-cream in Mongolia, where winters are very long and extremely cold, might not appear to be the most promising line of business for a successful firm. In truth, Mongolians have been in love with ice-cream for a long time, some say for hundreds of years - since the Mongolian Empire's horsemen rode through the freezing Gobi Desert carrying cream and later discovered it transformed into an ice-cold delicacy.
The EBRD supported the expansion of Mongolian ice-cream maker Teso with local currency lending and business advice.

 
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