Government receives 1100 requests for financing projects that will replace import

Jan 25 • Economy, Featured, News • 2193 Views • No Comments on Government receives 1100 requests for financing projects that will replace import

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In the framework of government’s goal on developing goods and services that will replace imports it announced it will accept requests for projects that will be financed by the Chinggis Bond funds. 1151 projects were received by the government in the period of 20 days. Government assumes that producing domestically will also contribute on MNT appreciation which is one of the main targets for the country’s economic goal.

The majority of the projects were in agriculture and constructions sectors. The amount for the needed projects weren’t announced yet, however, the remaining fund from the Chinggis Bond is around USD234 million. Prime Minister N.Altankhuyag stated publicly that his government is committed to spending all the remaining funds for enterprises that will replace imported goods and services. The announcement of the preliminary selection of the projects will be announced on within 15th of March.

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