Loan from Poland to be counseled with Parliament

Politics
Ooluun.B
ooluun@montsame.mn
2017-01-26 11:09:07

Ulaanbaatar /MONTSAME/ During the yesterday’s cabinet meeting, the Government discussed general intergovernmental agreement draft between Mongolia and Poland on conditional loan and decided to counsel it with the relevant Parliamentary Standing Committees.

The EUR 50 million loan has 28 year term with annual interest of 0.15 per cent and basic repayment exemption is for 5 years. The loan is planned to be spent on sectors of agriculture, infrastructure, education and environment protection.  

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