This website is part of the M.A.D. Urban Network.
Economy / Mongolia News / July 20, 2016

IDA to provide USD 20 million loan to Mongolia

Share on Pinterest
Share with your friends










Submit

The International Development Association (IDA) is to provide a USD 20 million loan to Mongolia. The World Bank’s executive council has approved this loan, which will support the expansion of the volume and range of Mongolian exports. The loan will facilitate credit easing in all non-mining sectors and will particularly support small-and medium-sized enterprises (SME’s) in competitiveness and market access.

In 2015, mining products accounted for 87% of overall Mongolian exports and cashmere 5%.

SOURCE: news.mn




Previous Post
China writes off Mongolia’s 18 million USD debt
Next Post
From mineral riches, to a sustainable future




You might also like






More Story
China writes off Mongolia’s 18 million USD debt
In the margin of the general agreements on cooperation between Mongolia and the People’s Republic of China, Minister...