Mongolia to repay USD 580 million loan in first quarter of 2017

Politics
ooluun@montsame.mn
2017-01-07 11:46:00

Ulaanbaatar /MONTSAME/ “Mongolia will pay back a loan of USD580 million in the first quarter of this year. The Government has found a solution to repay the loan without delay, not causing pressure to the economy or imposing burden on the people. We will repay it on time” stated Prime Minister J.Erdenebat.

On January 06, in his speech addressing to a two-day seminar of Chairmen of Citizens representative meetings and Governors of provinces and the capital city, the Prime Minister also made a denial to information about Government’s intend to sell 49 per cent of Tavantolgoi deposit with USD400 million and it would be sold to one company.

“I state that this information is false. The Government has established a working group, whose suggestions and conclusions will be submitted to the Parliament for discussion. We will not be making decisions that do not meet the interest of Mongolian people regarding this world scale deposit” said PM J.Erdenebat.