Prime Minister will put initial on the commercial loan agreement with Republic of China

Apr 15 • Government • 453 Views • 1 Comment on Prime Minister will put initial on the commercial loan agreement with Republic of China

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

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.

Related Posts

One Response to Prime Minister will put initial on the commercial loan agreement with Republic of China

  1. Harold Sanft says:

    What they do want is to continue to use – or float – premium money to make more money for the company. The more free premium money a company has to “float”, the more investment income it can produce. The greater the insurance claims savings, the greater the “float”. Eventually some of the premiums must be used to make claim payments and operating expenses. But the longer the insurance company can hold onto your money, the more money it can make for itself.

Leave a Reply

Your email address will not be published. Required fields are marked *

« »