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Investment management company to be established www.en.montsame.mn
Ulaanbaatar /MONTSAME/ During its regular meeting on May 10, Wednesday, the Cabinet assigned Chairman of Board of Development Bank to establish and adopt the regulations for a subsidiary under the bank, designated to generate investment funds which will finance projects augmenting economic growth.
By generating an investment fund, the Cabinet views, value-added production and new services based on mining, agriculture, food and light industry will be facilitated, increasing employment.
In addition to loan repayment risks, there are necessities to expand the middle-class; increase saving; manufacture value-added products, including supporting export of agriculture and light industry sectors; improve mining infrastructure and diversify the economy which lead to the establishment of the investment fund.
Published Date:2017-05-11
