Russia’s International Investment Bank (IIB) reported that an agreement was made with Development Bank of Mongolia (DBM) to allocating additional loan financing.
The agreement was concluded during a Mongolian-Russian trade and investment commission conference held in Moscow from March 26 to 28.
The agreement was signed by First Deputy Chief Executive officer of Development Bank of Mongolia Ch. Enkhbat and Deputy Director of Russia’s International Investment Bank Vladimir Liventsov.
According to the agreement, IIB will increase DBM's available loan financing to a maximum of 50 million EUR for up to seven years. DBM says that the financing will be used for priority projects and activities that are socially and economically critical to Mongolia's development.
Since 2012, IIB has invested 350 million USD in Mongolia’s economic development.
Russia’s International Investment Bank (IIB) reported that an agreement was made with Development Bank of Mongolia (DBM) to allocating additional loan financing.
The agreement was concluded during a Mongolian-Russian trade and investment commission conference held in Moscow from March 26 to 28.
The agreement was signed by First Deputy Chief Executive officer of Development Bank of Mongolia Ch. Enkhbat and Deputy Director of Russia’s International Investment Bank Vladimir Liventsov.
According to the agreement, IIB will increase DBM's available loan financing to a maximum of 50 million EUR for up to seven years. DBM says that the financing will be used for priority projects and activities that are socially and economically critical to Mongolia's development.
Since 2012, IIB has invested 350 million USD in Mongolia’s economic development.