gogo logo
  • Монгол
  • Yolo
  • Maamuu
  • Politics
  • Economy
  • Society
  • Life
  • Interview
  • Culture
  • TRAVEL
  • Ulaanbaatar
  • Media OutReach
Helpful
Interview
  • - Interview
Interesting
Other
Монгол
Maamuu
Yolo
Main menu
Politics
Economy
Society
Life
Interview
Culture
TRAVEL
Ulaanbaatar
Media OutReach
Helpful
Interview
Interview
Interesting
Other menu
Монгол
Maamuu
Yolo
Contact us
Editorial ethics
Home
Search
Menu
  Facebook   Twitter
  Menu
Home
/ Politics
Politics

Asian Infrastructure Investment Bank to be established in Mongolia

  Facebook   Tweet
 
B.Chimeg
2015-08-18
  Facebook  Tweet
 

Asian Infrastructure Investment Bank to be established in Mongolia

Draft law on establishing the Asian Infrastructure Investment Bank (AIIB) in Mongolia to be submitted to the State Great Hural.

During the APEC 2013, the President of the People's Republic of China Hi Jinping proposed Asian regional countries including Mongolia, Pakistan and Sri Lanka to join as founding member countries of AIIB. The Government of Mongolia discussed and approved this issue on March 28, 2014 at its plenary session and signed a Memorandum of Understanding  on establishing AIIB in Mongolia on Oct, 2015.

By joining as founding member countries of AIIB, Mongolia was enabled to get enough funding from AIIB for providing social development of the population and sustainable economic growth by expanding the infrastructure development and regional network.

Moreover, Mongolia is able to implement its long term objective which is to strengthen its position in the world economy,through international financial institutions by following policy to expand regional infrastructure network as landlocked developing country.

Each founding member countries to become shareholder according to the registered capital of the AIIB is at USD 100 billion. Mongolian total asset of shareholder is USD 41 million with 0.3013% votes of which 20% to be transferred within five years by dividing into five.

Draft law on establishing the Asian Infrastructure Investment Bank (AIIB) in Mongolia to be submitted to the State Great Hural.

During the APEC 2013, the President of the People's Republic of China Hi Jinping proposed Asian regional countries including Mongolia, Pakistan and Sri Lanka to join as founding member countries of AIIB. The Government of Mongolia discussed and approved this issue on March 28, 2014 at its plenary session and signed a Memorandum of Understanding  on establishing AIIB in Mongolia on Oct, 2015.

By joining as founding member countries of AIIB, Mongolia was enabled to get enough funding from AIIB for providing social development of the population and sustainable economic growth by expanding the infrastructure development and regional network.

Moreover, Mongolia is able to implement its long term objective which is to strengthen its position in the world economy,through international financial institutions by following policy to expand regional infrastructure network as landlocked developing country.

Each founding member countries to become shareholder according to the registered capital of the AIIB is at USD 100 billion. Mongolian total asset of shareholder is USD 41 million with 0.3013% votes of which 20% to be transferred within five years by dividing into five.

  Facebook   Tweet
B.Chimeg
Category
Politics
Published
2015-08-18


gogo logo
Contact us Editorial ethics

© 2007 - 2025 Mongol Content LLC