Prime Minister of Mongolia meets President of Korea Eximbank

2021-07-28 14:52:27

Ulaanbaatar /MONTSAME/. Prime Minister of Mongolia L.Oyun-Erdene has met with Prime Minister of the Republic of Korea Kim Boo-kyum to exchange views on bringing the Mongolia-Republic of Korea comprehensive partnership up to a strategic partnership and bilateral economic development projects. 

During his stay in the Republic of Korea, the Mongolian Prime Minister also held a meeting with officials from the Export-Import Bank of Korea. At the meeting, Chairman and President of the Korea Eximbank Bang Moon-kyu congratulated the government of Mongolia for fully vaccinating 60 percent of its population against coronavirus and noted the world economies are likely to pick up speed by the end of this year and the first quarter of next year. 

For his part, Prime Minister Oyun-Erdene emphasized that Mongolia holds official development assistances by the government of the Republic of Korea in high regard and thanked for their significant impact to Mongolia’s social and economic growth. 

Mentioning that bilateral ties and cooperation are expanded and development loans and assistances have been advancing despite the challenging circumstances of the pandemic, the PM noted the necessity of accelerating development projects -  Solongo 1 and 2 apartment complexes, rent apartments by the Bayangol Mountain and central heating station for 10 rural aimags - in cooperation with the ROK government. 

Both sides agreed to focus their attention on implementing projects on transportation logistics, mining (cathode copper plant), iron ore processing plant, development of roads, bridges and infrastructures, development of economic free zone at the Khushig Valley and other mutually beneficial, large scale development projects within the framework of the soft loans and grants provided by South Korea. It was also agreed at the meeting to establish a working group to support cooperation between the Korea Eximbank and the Development Bank of Mongolia. 

Underlining that South Korea holds great experience in tourism and creative cultural production, the Mongolia’s Prime Minister shared his views on further cooperation with the Korean side in these areas.


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