PM receives JBIC authorities

Ulaanbaatar /MONTSAME/ On the second day of the official visit, the Prime Minister N.Altankhuyag met authorities of the Japan Bank for International Cooperation (JBIC). Present at this meeting were Hiroshi Okuda, the JBIC president; Koichi Yajima, JBIC Managing Executive Officer; and Takenori Shimizu, the Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia. Following the meeting, authorities of the Developmental Bank of Mongolia (DBM) and the JBIC signed a mutual understanding memorandum that reflects issues of a special drawing right given from the JBIC to Mongolia and of guaranteeing the Mongolian governmental bonds. The state-run DBM will issue the "Samurai" bonds of Japanese Yen equaling about USD 600 million to the Mongolian capital market. Guaranteed by Japan’s government, the bonds are expected to be issued within this year.