The Cabinet Meeting was held on Saturday, September 15 2012. The meeting discussed several issues such as issuing the bond, establishment of Labour Research Institute and Employment Service Centre, decrease of Government agencies. The meeting supported the issuance of ₮5 billion by the Development Bank of Mongolia and the resolution will be proposed to the […]
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 […]
Mr. Ch.Khashchuluun, Chairman of the National Development and Innovation Committee answered reporter’s questions on Economic growth, inflation and Development bank. Q: Let’s start the conversation with the subject of Economy and Gross Domestic Product as they have increased by significant amount compared with the previous years? Ch.Kashchuluun: The Real GDP in 2010 was 6 percent […]
Mr. Ch.Khashchuluun, Chairman of the National Development and Innovation Committee and Chairman of the Board of the Development Bank of Mongolia, shares his opinion on the recent development of establishing the Development Bank of Mongolia. Q: Law on Development bank was adopted and its old regulation was amended. Board is going to be changed also. […]
Yesterday, the agreement on ”Pre-conditions of the Mongolian Government Guarantee” was signed between the Ministry of Finance (State Secretary D.Battur) and the Development Bank of Mongolia (Chairman Ch.Hashchuluun). This will be the main condition of the Mongolian Government Guarantee which will be made by the Minster for Finance. The agreement was made according to the […]
Establishment of Development Bank, in purpose of financing important strategic projects, is almost complete. Cabinet Secretariat of the Government Ch. Khurelbaatar informed about that: Strategic projects including Tavantolgoi, 100.000 household, railroad will be financed by Development Bank. National Innovation Committee, State Property Agency were appointed to select the internationally recognized professional and highly skillful team.