Export development project to be implemented
Export development project to be implemented.
A document proposing the implementation of Export Development project, co-initiated by the Government of Mongolia, World Bank and International Development Association, is to be submitted to the State Great Khural (Parliament). USD 20 million project is charted to promote the export-oriented national companies and domestic production. It is designed to be funded with a loan with repayment period of 25 years and annual interest rate of 1.25 percent.