MONGOLIA TO RECEIVE NON-REFUNDABLE AID FROM JAPAN

Ulaanbaatar /MONTSAME/ Mongolia has agreed with Japan to buy medical equipment and training facilities with a non-refundable aid of JPY 200 million (over USD 2 million) from the Japanese government in its financing year of 2012. The note on the non-refundable aid was signed Wednesday in the Foreign Ministry by Mr L.Bold, the Mongolia's Minister of Foreign Affairs; and Mr Takenori Shimizu, the Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia. Expressing his satisfaction with inking the note on rendering the non-refundable aid from Japan, the Foreign Minister noted that Mongolia has accepted non-refundable aid from the Japan's government some ten times since 1991, and underlined the aid has significantly contributed to overcome difficulties in times of transmitting into the market economy system, improving the economic structure of Mongolia and reducing deficit of the external trade. Mr Bold thanked the Japanese government for making a decision to give a non-project assistance to Mongolia. The non-project assistance of the Japanese government is one of the forms of aid with aims to support policy of developing countries on the economic structure reforms, to reduce deficit of external payments balance and to help them to purchase products that urgently needed. B.Khuder