EBRD spends EUR 70 million this year

Ulaanbaatar /MONTSAME/ Prime Minister U.Khurelsukh today received Alain Pilloux, Vice President of the European Bank for Reconstruction and Development (EBRD). PM U.Khurelsukh expressed his gratitude to the EBRD on spending EUR 1.7 billion for developing private sector in Mongolia over the past 20 years. The EBRD has made financing of EUR 70 million to Mongolia since the beginning of 2019 and several projects and programs will be carried out in rural areas, said EBRD Vice President Alain Pilloux. The sides agreed that reconstruction of the road Ulaanbaatar-Darkhan, which takes important position in cooperation, should be completed in the scheduled time. Moreover, the sides shared opinions on upgrading governance in mining sector and cooperating in the areas of infrastructure, agricultural processing industries, farming, animal husbandry, energy, heat supply and tourism in the future.