Ulaanbaatar
IDA funding programme to be submitted for immediate discussion
Politics
Ulaanbaatar /MONTSAME/ General Funding Program, signed by the Government of Mongolia, World Bank and the International Development Association, was discussed by the cabinet on May 10. If backed by parliament, IDA will open line of soft-term credit of USD 79 million, which was allotted for Mongolia for 2015-2017.
The credit is expected to be distributed to projects for promoting employment, macroeconomics, improving legal environment for financing sector, building financial capacity, upgrading energy distribution and sustaining the western region’s energy demand with renewable energy production.
The ministers decided to submit it for immediate discussion of the parliament.
The credit is expected to be distributed to projects for promoting employment, macroeconomics, improving legal environment for financing sector, building financial capacity, upgrading energy distribution and sustaining the western region’s energy demand with renewable energy production.
The ministers decided to submit it for immediate discussion of the parliament.
B.Amarsaikhan
