Ulaanbaatar
Development Bank to cooperate with China Export & Credit Insurance Corporation
Society
Ulaanbaatar /MONTSAME/ During the Second Belt and Road Forum
for International Cooperation, the Development Bank of Mongolia established a
cooperation agreement with the China Export & Credit Insurance Corporation (SINOSURE),
a major state owned enterprise of China. CEO of the Development Bank of
Mongolia B.Batbayar and SINOSURE President Wang Tingke signed the agreement on providing
coverage for financing of programs and projects worth up to USD 400 million.
The cooperation agreement opens up an opportunity to implement major projects and programs with SINOSURE-insured long-term soft loans from
Chinese banks and financial institutions.
