Ulaanbaatar
MNT 230 billion in loans to be provided to flour producers and meat processing enterprises
Politics
Ulaanbaatar /MONTSAME/. At today's regular Cabinet meeting, a decision was made to issue a loan of MNT 230 billion to flour producers and meat processing enterprises at a 3 percent interest rate.
Minister of Food, Agriculture and Light Industry Z.Mendsaikhan said
at a press conference to introduce the decision of the Cabinet meeting that the
Government will cover the net interest spread of MNT 25 billion. The Minister
also stressed that this will help reduce the pressure of the increase in the
price of meat and flour on the citizens.
