Category
- Agriculture
- Automobiles and Machinery
- Bank, non banking financing, investment
- Blasting
- Construction
- Consumables
- Education
- Energy
- Engineer , Architecture and Geodesy
- Finance, Audit,Accounting and Brokerage
- Food
- Foreign Trade
- Geology Exploration
- Health
- Information Technology
- Insurance
- Labor Safety
- Legal and Business consulting
- Lighting
- Mining equipment
- Mining Services
- Other product and service
- Road
- Sewing and textile products
- Transportations
- Travel
Events
Mongolia and Japan to continue development policy loan negotiations www.montsame.mn
Ulaanbaatar /MONTSAME/ During its regular meeting on June 14, Wednesday, the Cabinet looked over draft policy measures to be taken in the framework of ‘Fiscal and Economic Reform Development Policy Loan’, to be co-realized by the government and Japan International Cooperation Agency (JICA).
Finance Minister B.Choijilsuren was tasked to continue the loan negotiations while the corresponding Ministers were ordered to ensure realization of the policies.
The development policy loan will support Mongolia’s Economic Recovery Program, improve fiscal stability, reduce fiscal deficit, enhance the governance in social insurance and banking sectors and diversify the economy, the Cabinet sees.
The loan is a finance in the first phase of Japanese grant worth USD 850 million, provided within the framework of Extended Fund Facility of International Monetary Fund.
To be provided in an equal amount, USD 283 million, for the next three years, the soft loan has a 20-year term, 6-year moratorium and annual interest of 0.8 percent.
Published Date:2017-06-15
