Japan to support Mongolia by allocating a concessional loan up to 850 million USD

  2017-03-29 08:37  318

On the second day of his official visit to Japan, Chairman of the State Great Hural (Parliament) Mr. Miyegombo ENKHBOLD held a bilateral meeting with Prime Minister of Japan Mr. Shinzo Abe and Minister of Health, Labour, and Welfare of Japan Mr. Yasuhisa Shiozaki respectively.

At the beginning of meeting, Prime Minister Sh.Abe said he was glad to welcome Mongolian delegates headed by Chairman M.Enkhbold in the year of commemoration the 45th anniversary of the establishment of diplomatic relations. He further noted, “The Medium-term strategic partnership program to sign during your visit would figure out our two countries’ near future friendship relations and cooperation. In this scope, parties would actively cooperate and achieve the program objectives. We are glad that Mongolian government and the International Monetary Foundation team have reached staff-level agreement on an economic and financial program. Consequently, we would like to acknowledge that Japan is ready to support Mongolia by providing a concessional loan up to 850 million USD, which is almost equal to all soft loans issued by Government of Japan to Mongolia since 1990s”.

Chairman M.Enkhbold thanked for a warm welcoming and expressed his gratitude to Premier Sh.Abe for his special attention and valuable contribution to strengthening friendships between our two peoples. He also thanked the Government of Japan for its decision to allocate the loan of 850 million USD and added that the Parliament of Mongolia intends to discuss a bill on budget amendment in the beginning of its spring session and approve it by April 12, 2017 ensuring the IMF program implementation.

Press and public relations department of Secretariat of the State Great Hural of Mongolia

  2017-03-29 15:16  318