Ulaanbaatar
Government, WB, IDA to implement export development project
PoliticsUlaanbaatar /MONTSAME/ A document proposing the implementation of Export Development project, co-initiated by the Government of Mongolia, World Bank and International Development Association, is to be submitted to the State Great Khural (Parliament). The decision was made at the regular meeting of the Cabinet on Tuesday.
Total сost is USD 20 million. The five-year project is charted to promote the export-oriented national companies and domestic production. It is designed to be funded with a loan with repayment period of 25 years and annual interest rate of 1.25 percent.
