Ulaanbaatar
Bill submitted on ratifying general credit agreement
PoliticsUlaanbaatar /MONTSAME/ Head of the Cabinet Secretariat for Government S.Bayartsogt Friday submitted to the Speaker Z.Enkhbold a draft law on ratifying a general credit agreement on soft loan of one billion USD to be given from China.
The general credit agreement on the loan between the government of Mongolia and the Export-Import Bank of China was signed by L.Purevsuren, Mongolia’s Minister of Foreign Affairs on November 10. It has been based on a note of the cabinet meeting on October 30 of 2015, proposals and conclusions of the parliamentary Standing committees on economy, on budget and on security and foreign policy.
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