Standing committee backs matter of receiving loan
Ulaanbaatar, Mongolia, /MONTSAME/ The meeting of the parliamentary Standing committee on security and foreign policy discussed Tuesday a financial agreement on finance and payment for developmental policy, established between the government of Mongolia and the International Development Association (IDA).
Accordingly, Mongolia will receive a loan of USD 12 million.
The Standing committee has argued over the loan's purpose. Head of the Standing committee Z.Enkhbold underlined that he cannot accept an opinion to exploit USD 30 million from the loan for training and seminars only. "The majority of the loan should be transferred into the section of technical-economic justification," Z.Enkhbold has said.
"We should back this agreement because credit term is good. We can exploit the loan for anything," a Minister of Finance S.Bayartsogt has stressed. He has said that "our side has consulted with the IDA on possibility of changing the consumption purposes", adding the government will introduce the updated purposes of the loan to the IDA.
The meeting resulted in the Standing committee's decision to back the matter on receiving the loan by declining a size of part of the loan for training and seminar.
B.Khuder
Accordingly, Mongolia will receive a loan of USD 12 million.
The Standing committee has argued over the loan's purpose. Head of the Standing committee Z.Enkhbold underlined that he cannot accept an opinion to exploit USD 30 million from the loan for training and seminars only. "The majority of the loan should be transferred into the section of technical-economic justification," Z.Enkhbold has said.
"We should back this agreement because credit term is good. We can exploit the loan for anything," a Minister of Finance S.Bayartsogt has stressed. He has said that "our side has consulted with the IDA on possibility of changing the consumption purposes", adding the government will introduce the updated purposes of the loan to the IDA.
The meeting resulted in the Standing committee's decision to back the matter on receiving the loan by declining a size of part of the loan for training and seminar.
B.Khuder
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