MP questions PM about Development Bank
On Thursday, MP R.Amarjargal sent an official note to Prime Minister S.Batbold about plans by the Development Bank (DB) to issue bonds.
Amarjargal raised questions about the bonds’ interest rate. He also asked the PM to explain the criteria for projects and programs that will be financed by the DB; what guarantees the Government will make to back the bonds; and the need for the bonds to be issued in the first place.
Amarjargal also asked if the bond issue will be accounted for in the state budget; if the DB has officially registered with state financial authorities; and what kind of effect the bonds might have on the state debt.
By law, such queries must be responded to within two weeks or they will be forwarded to Parliament.
Amarjargal raised questions about the bonds’ interest rate. He also asked the PM to explain the criteria for projects and programs that will be financed by the DB; what guarantees the Government will make to back the bonds; and the need for the bonds to be issued in the first place.
Amarjargal also asked if the bond issue will be accounted for in the state budget; if the DB has officially registered with state financial authorities; and what kind of effect the bonds might have on the state debt.
By law, such queries must be responded to within two weeks or they will be forwarded to Parliament.
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