DRAFT OF CREDIT AGREEMENT BACKED
Ulaanbaatar, Mongolia /MONTSAME/ At its meeting on Wednesday, the cabinet backed in principle a draft of a credit agreement to be established between the government of Mongolia and the Japan International Cooperation Agency (JICA), dedicated to a program on supporting a social sphere.
Then, the cabinet decided to have a related Standing committee consider this draft.
In frames of the program, 12 policy measures are planned for ensuring the stability of macroeconomics and reformibng the social welfare and educational fields. Some JPY one billion and 550 million, or approximately USD 20 million, will be spent for the program's second phase after a full implementation of certain conditions.
The policy measures have comprised such goals as to protect low-income people, direct the state's health insurance financing to a targeted group, and to develop ger areas.
B.Khuder
Then, the cabinet decided to have a related Standing committee consider this draft.
In frames of the program, 12 policy measures are planned for ensuring the stability of macroeconomics and reformibng the social welfare and educational fields. Some JPY one billion and 550 million, or approximately USD 20 million, will be spent for the program's second phase after a full implementation of certain conditions.
The policy measures have comprised such goals as to protect low-income people, direct the state's health insurance financing to a targeted group, and to develop ger areas.
B.Khuder
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