Cabinet Meeting in brief

2017-12-07 10:12:27
Ulaanbaatar /MONTSAME/ During its regular meeting on December 6, the Cabinet discussed following issues.
  • The Cabinet discussed and agreed to submit to Parliament a Financing Agreement on ‘Economic Management Support Program, First Development Policy’ between the Government of Mongolia and the World Bank’s International Development Association. The Program aims to improve budget stability, reduce deficit and direct social welfare programs to target groups.
  • The Cabinet authorized Finance Minister to sign a financing agreement of USD 500 million from the People’s Republic of China, which will be spent on supporting agricultural production.
  • The Cabinet authorized the export of meat, by-products, seeds and seedlings and livestock through Khangi border crossing in Dornogobi aimag and Shiveekhuren border crossing in Umnugobi aimag.
  • The Cabinet adopted a follow-up action plan regarding the 16th Meeting of Mongolia-Republic of Korea Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation.