BILL ON RATIFYING AMENDMENTS TO INT'L CONVENTION PRESENTED

Ulaanbaatar /MONTSAME/ The state Minister and MP Ch.Saikhanbileg presented Wednesday a draft law on accepting and ratifying the amendments to the Convention on Establishing the Multilateral Investment Guarantee Agency to the Speaker of parliament Z.Enkhbold. Mongolia signed this Convention on June 14 of 1991 and declared its membership to the Agency by parliament’s ratification of the convention on July 23 of 1998. MIGA is a member organization of the World Bank and issues non-financial risks guarantees for investments toward developing countries. The non-financial risks include: non-sustainability of political and social states, properties alienation, breach of agreements, risks of foreign exchanges etc.