AGREEMENT ON SOUTH KOREAN LOAN TO BE DISCUSSED BY PARLIAMENT

Ulaanbaatar /MONTSAME/ At its yesterday’s meeting, Cabinet discussed “General agreement between Governments of Mongolia and the Republic of Korea on loan from the Economic Development Cooperation Fund (EDCF) from 2017 to 2019”. Projects and programs to be implemented with the loans will be discussed after the approval of the agreement by the Parliament. The loan amount totals USD 500 million with 0.2% of interest rate and has a repayment period of 30 years and a grace period of 10 years. B.Amarjargal