Within the first two months of 2018, a total of 33.2 billion MNT was allocated for ipotek loan financing.
In 2018, the government is planning to allocate 120 billion MNT to mortgage loan financing and the Bank of Mongolia will provide 180 billion MNT to resolve financing issues for over 4,400 households.
The IMF's extended fund facility program guidelines call for the transfer of ipotek loan financing to shift from the central bank to the government, but no final decision has been made and financing is still being provided by the Bank of Mongolia.
Within the first two months of 2018, a total of 33.2 billion MNT was allocated for ipotek loan financing.
In 2018, the government is planning to allocate 120 billion MNT to mortgage loan financing and the Bank of Mongolia will provide 180 billion MNT to resolve financing issues for over 4,400 households.
The IMF's extended fund facility program guidelines call for the transfer of ipotek loan financing to shift from the central bank to the government, but no final decision has been made and financing is still being provided by the Bank of Mongolia.