Government replaces Chairman of the Development bank

Oct 5 • Banking, News • 994 Views • No Comments on Government replaces Chairman of the Development bank

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Ch.Khashchuluun, Chairman of the Development bank was dismissed from his post last Friday. His successor B.Batjargal, Head of the Budget Policy Board at the Ministry of Finance was appointed by the Government.

The Government felt that the Chairman of Board of Directors should be appointed from the Ministry of Finance, in light of the Development bank’s plan to issue bonds in foreign markets.

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