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Development Bank to issue a loan for agricultural machinery

The American Chamber of Commerce in Mongolia
2018-07-05 13:07 GMT+8

During Cabinet’s regular session on July 4, the Minister of Food, Agriculture and Light Industry, B. Batzorig, gave a summary of the progress of the spring seed sowing.

The Development Bank of Mongolia will issue a loan for the purchase of agricultural machinery from Russia, China, Belarus, Poland and Germany. The Cabinet instructed the Minister of Food, Agriculture and Light Industry to prepare for the harvest well in advance and to ensure the time between cultivations is appropriate.

Currently, roughly 494,000 hectares of land has been sown nationwide.​

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