1 MONGOLIA BANS BURNING LOW-GRADE COAL FOR DOMESTIC USE IN CAPITAL WWW.XINNHUANET.COM PUBLISHED:2019/05/16      2 KAISUN HOLDINGS AND CHINA RAILWAY ENGINEERING CONSTRUCTION MONGOLIA SIGNED AGREEMENT FOR CONSTRUCTION ON MONGOLIA CHOIR RAILWAY PLATFORM, OPENING UP LOGISTICS ALONG CHINA, MONGOLIA AND RUSSIA WWW.FINANCE.YAHOO.COM  PUBLISHED:2019/05/16      3 MONGOLIAN BOXERS TO TRAIN IN JAPAN FOR 2020 OLYMPICS WWW.OCASIA.ORG PUBLISHED:2019/05/16      4 MONGOLIA’S GDP RISES 8.6 PERCENT IN Q1 WWW.ZGM.MN PUBLISHED:2019/05/16      5 FOUNTAIN DESIGN CONTEST FOR SUKHBAATAR SQUARE STARTS TODAY! WWW.NEWS.MN PUBLISHED:2019/05/16      6 MONGOLIA-SINGAPORE BUSINESS FORUM TO BE HELD IN SINGAPORE WWW.MONTSAME.MN PUBLISHED:2019/05/16      7 RUSSIA & CHINA TO INK DEAL FOR CONSTRUCTION OF TWO NUCLEAR REACTORS WWW.RT.COM PUBLISHED:2019/05/16      8 IVANHOE MINES SECURES FULL FINANCING FOR FIRST TWO MINES IN CONGO WWW.MINING.COM PUBLISHED:2019/05/16      9 INDIA EXTENDS $1 BILLION CREDIT TO MONGOLIA FOR ITS FIRST REFINERY WWW.PENNEWS.NET PUBLISHED:2019/05/15      10 MINING INCOME UP BY 41.2 PERCENT WWW.MONTSAME.MN PUBLISHED:2019/05/15      “МИАТ”, “ЭРДЭНЭС ТАВАН ТОЛГОЙ”-Д ЗАСАГЛАЛЫН ҮНЭЛГЭЭ ХИЙНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/05/17     ӨРХИЙН ОРЛОГО 2018 ОНЫХООС 45,000 ТӨГРӨГӨӨР НЭМЭГДСЭН Ч ЗАРЛАГА 165,100 ТӨГРӨГӨӨР ӨСЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/05/16     ГАЗРЫН ТОС БОЛОВСРУУЛАХ ҮЙЛДВЭРИЙН ТӨСӨЛ ШАТ АХИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/05/16     ЭДИЙН ЗАСГИЙН ӨСӨЛТ СҮҮЛИЙН ТАВАН ЖИЛИЙН ДЭЭД ТҮВШИНД ХҮРЧ, 8.6% ӨСӨВ WWW.IKON.MN НИЙТЭЛСЭН:2019/05/16     ҮНИЙН ӨСӨЛТ ӨРХИЙН САРЫН ОРЛОГЫН ӨСӨЛТИЙГ 72.1 МЯНГАН ТӨГРӨГӨӨР БУУРУУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/05/16     ХАВРЫН ТАРИАЛАЛТ 8.7 ХУВЬТАЙ БАЙНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/05/16     ОНЫ ЭХНИЙ 4 САРД ТӨСВИЙН ТЭНЦВЭРЖҮҮЛСЭН ТЭНЦЭЛ 286.5 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/05/16     ИНФЛЯЦ 7.8%-Д ХҮРЭХЭД МАХНЫ ҮНИЙН ӨСӨЛТ ГОЛЛОН НӨЛӨӨЛӨВ WWW.IKON.MN НИЙТЭЛСЭН:2019/05/16     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ САЙН БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2019/05/16     МОНГОЛЫН БИЧИЛ УУРХАЙН АСУУДЛЫГ ПАРИСТ ТАНИЛЦУУЛЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/05/15    

Standing committee passes bills on foreign loans www.zgm.mn

Parliamentary Standing Committee on Budget discussed the bill on the Government’s rights to draw loans from foreign countries and international organizations, and passed the General Financing Program between the Government of Mongolia and the Asian Development Bank (ADB) and the draft amendment on the general agreement and conditions between the Mongolian Government and the Government of the Republic of Poland.

The Government has negotiated with the ADB to cooperate on finance, agriculture, education, health, and agriculture in 2017-2020. In this context, USD 334 million will be allocated to Mongolia. The fund will be used in five projects including vegetables, border services, irrigation, regional roads, and free economic zones.

Plus, the European Bank for Reconstruction and Development (EBRD) offered to grant loans up to USD 300 million. The loan will have a maturity of 10-16 years with a moratorium of three years. Up until today, the EBRD has invested 99 projects that amount to EUR 1.6 billion and the financing of this project was directed entirely towards private sectors.

However, Mongolia will use the current loan to build the road from Darkhan to Ulaanbaatar. The road will have four lanes and two lanes will be constructed by the ADB and the remaining two lanes will be built by the EBRD. The spending of remaining funds is still unclear, but the Finance Minister Khurelbaatar Chimed said that the total amount of fund will USD 300 million.



Published Date:2019-03-20