MINISTER CH.ULAAN MEETS WITH HIS COUNTERPART

Ulaanbaatar /MONTSAME/ The Minister of Finance Ch.Ulaan Monday met with his counterpart Mr Lou Jiwei during his working visit at invitation of Mr Ulaan on April 28-29. The sides talked matters about establishing the Asian Infrastructure Investment Bank /AIIB/, expansion of fruitful cooperation between the two ministries and exchanging information and experience in frames of the cooperation. Furthermore, a mutual understanding memorandum on cooperation between the two ministries was inked by the parties. This bank, initiated by the President of the People's Republic of China Xi Jinping, is supposed to improve economy of Asian countries and to support infrastructure matters and our country will participate in this bank project as one of 15 founder countries of Asia.