Mongolia to cooperate with World Bank

2017-02-02 10:35:35

Ulaanbaatar /MONTSAME/ At its regular meeting on February 1, the Cabinet resolved to discuss a draft on General funding program between the Government of Mongolia and International Development Association of World Bank with corresponding Parliamentary committees.

The General funding program reflects the sources for USD 79 million loan which was allotted by the Association for Mongolia in 2015-2017.

The Government plans to spend the loan on realizing projects and programs aimed at supporting employment, strengthening legal environment on macro economy and finance sectors, improving energy distribution capacities and supplying western region energy demands with renewable energy.