ID :
210920
Mon, 10/03/2011 - 15:32
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Shortlink :
http://m.oananews.org//node/210920
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CABINET MEETING IN BRIEF
Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet made last Friday a decision to augment joint capital of the Development Bank of Mongolia by MNT 33 billion.
An obligation has been given to S.Bayartsogt, a Finance Minister, to place necessary capital in the draft budget for the next year. In addition to it, the Bank's Representative Leading Council has been allowed to take loans amounting MNT 600 billion from domestic and foreign financial organizations in the budgetary 2011-2012 years.
- In accordance with the cabinet decision, a governmental resolution on issuing stocks and governmental guarantees was amended. It is expected the amendment would fix interest rates of the largest amount of debentures at the lowest level.
- The cabinet decided to allot MNT 876 million from the governmental reserved fund for some works and measures. Some MNT 860 million will go for reducing aftermath of the accident occurred in a section of the Electricity Distribution Network for Central Region Company; 16 million for repairing the section of the Company. Related Minister has been obliged to promptly organize the works and to provide people with electricity.
B.Khuder
An obligation has been given to S.Bayartsogt, a Finance Minister, to place necessary capital in the draft budget for the next year. In addition to it, the Bank's Representative Leading Council has been allowed to take loans amounting MNT 600 billion from domestic and foreign financial organizations in the budgetary 2011-2012 years.
- In accordance with the cabinet decision, a governmental resolution on issuing stocks and governmental guarantees was amended. It is expected the amendment would fix interest rates of the largest amount of debentures at the lowest level.
- The cabinet decided to allot MNT 876 million from the governmental reserved fund for some works and measures. Some MNT 860 million will go for reducing aftermath of the accident occurred in a section of the Electricity Distribution Network for Central Region Company; 16 million for repairing the section of the Company. Related Minister has been obliged to promptly organize the works and to provide people with electricity.
B.Khuder
