CH.KHURELBAATAR GIVES REPORT ON BANK OF DEVELOPMENT

Ulaanbaatar, Mongolia /MONTSAME/ At the cabinet meeting held on Wednesday, August 17, a head of Cabinet Secretariat of Government Ch.Khurelbaatar gave a report activities of the Bank of Development.
According to him, shares of MNT 800 billion will be released in accordance with parliamentary and governmental resolutions with an aim to create a financial source of the Bank of Development. Thus, the Stock Exchange of Mongolia (MSE) has been working to releasing the shares. After hearing the report, the cabinet has reminded authorities of the Bank of Development to intensify financing of the biggest projects, and the Premier also has given specific orders to them.
The financing matter will be re-discussed at a regular cabinet meeting on next Wednesday.
B.Oyundelger