Улаанбаатар
Financial cooperation agreement to be established with Austria
PoliticsUlaanbaatar /MONTSAME/ A financial cooperation agreement will be established with Austria in consideration of Mongolia's need to introduce Austrian techniques and technologies with a soft loan.
The cabinet meeting Monday discussed the draft financial cooperation agreement, and decided to consult it with a related Standing committee of parliament.
This agreement will be established with Austria with a two-year period, thereby previous practice of the two countris accomplishing such an agreement which costed 40 million Euros.
This time, the agreement will cover the areas of infrastructure, agriculture, urban water supply, hygiene, waste management, railway, traffic safety, education, health and social welfare.
