Mongolbank and World Bank officials cooperating on bill drafting

Ulaanbaatar /MONTSAME/ Member of the State Great Khural B.Undarmaa received delegates from the Bank of Mongolia and the World Bank representatives led by the Country Manager James Anderson on Wednesday. The latter talked about a bill on National Payment System, to be submitted to the Parliament next year. The short introduction to the proposed bill was presented by the central bank officials. When adopted, the law will require making amendments to several other laws. This will allow building an integrated system throughout the country and will benefit to the banking and finance organizations. The World Bank is rendering technical assistance in preparing of the bill, said Mr James Anderson and added the cooperation will continue until 2020. B.Undarmaa MP extended a gratitude to the World Bank for the technical assistance and noted the bill should aim at achieving stable economic growth.