FINANCE MINISTER SUBMITS DRAFT AMENDMENT TO LAW ON CREDIT GUARANTEE

Ulaanbaatar /MONTSAME/ The Minister of Finance Ch.Ulaan MP Tuesday submitted to the Speaker Z.Enkhbold a draft amendment to the law on fund for credit guarantee. It is time to amend the current law on fund for credit guarantee because there are requirements to augment sources for the fund of credit guarantee, to broaden its actions, to support small- and middle-sized businessmen in localities, Mr Ulaan said. He added that the amendment aims to promote local businessmen initiatives for development, to deliver the credit guarantee fund’s services to localities, and to create a legal opportunity for them to get the services.