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Mongolia to receive 40 million-euro loan from Austrian Government

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Kh.Kugershin
2016-11-04
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Mongolia to receive 40 million-euro loan from Austrian Government

Friday session of State Great Khural has commenced with the attendance of 52.6 percent. 

The Government is set to discuss the approval of financing agreement of export development project, established between the World Bank's International Development Association and the Government of Mongolia as well as Financial Cooperation Agreement between the Government of Mongolia and Republic of Austria. 

Mongolia signed Financial Cooperation Agreement with Austrian Government in June, 2016. 

In regards, Mongolia will receive 40 million-euro soft loans from Austrian Government with 18 years repayment period. The soft loan will be funded to local water supply, health and social security sectors.

Friday session of State Great Khural has commenced with the attendance of 52.6 percent. 

The Government is set to discuss the approval of financing agreement of export development project, established between the World Bank's International Development Association and the Government of Mongolia as well as Financial Cooperation Agreement between the Government of Mongolia and Republic of Austria. 

Mongolia signed Financial Cooperation Agreement with Austrian Government in June, 2016. 

In regards, Mongolia will receive 40 million-euro soft loans from Austrian Government with 18 years repayment period. The soft loan will be funded to local water supply, health and social security sectors.

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Сэтгүүлч Kh.Kugershin
Kh.Kugershin
Category
Economy
Published
2016-11-04


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