Today, Deputy Prime Minister M.Enkhbold made press release to media. He is the chairman of the Mongolian side in the intergovernmental commission of Mongolia – ROC and disclosed some information about XI meeting of the intergovernmental commission. The meeting was held in Beijing, April 7 – 10 2009, and discussed about trade, economy, science, technical cooperation issues. The Mongolian side proposed issues such as accelerating the procedure of 300 million US$ loan, intensifying negotiation on “Shivee Ovoo” energy complex, eliminating some non tariff barriers on animal products, intensifying veterinarian and hygiene conditions, building cooperation agreement on imported food product safety, civil aviation rescue and emergency assistance.
Also commercial loan from ROC was discussed during the meeting. The Mongolian Government is seeking 3 billion US$ loan from ROC and its size would be decreased. Because, IMF set limit in our foreign loan size. Therefore Mongolia would get not 3 billion US$ but around 1 billion US$ for its stimulus package for the rescue from recession. This loan will support banking, mining and construction sector of the Mongolian economy.
Prime Minister’s visit will solve this loan issue, informed Deputy Prime Minister M.Enkhbold.