Government to sign an agreement with Mongolbank

Dec 19 • Finance, News • 1000 Views • No Comments on Government to sign an agreement with Mongolbank

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An unscheduled cabinet meeting of the Mongolian Government took place yesterday discussing issues related to the recent sale of bond at international financial market. The discussions mainly focused on how to best manage the funds received by the bond sales with most optimal financial control mechanism and ensure that there is long lasting positive impact on the macro economic performance.

The main outcome of the meeting was the decision to provide an authority to Finance Minister Ch.Ulaan and Economic Development Minister N.Batbayar to sign a financial mediation agreement with the Mongol Bank.

It is hoped that once the agreement is signed and is effective, management and spending of government funds will be conducted in line with the implementation of main principles and goals determined by the state monetary policy.

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