STRATEGICALLY IMPORTANT PROJECTS AND PROGRAMS TO BE IMPLEMENTED WITH JAPAN

Ulaanbaatar /MONTSAME/ The cabinet meeting on Monday discussed a draft memorandum of mutual understanding to be established between Mongolia’s Ministry of Foreign Affairs and the Japan Bank for International Cooperation (JBIC), and gave the Foreign Minister L.Purevsuren a right to sign it. The Mongolia-Japan economic ties and cooperation have been developing by a single flow into Mongolia in a form of granting loans and assistance, now the time has come to change this situation by augmenting the trade and investments and by boosting a mutually-beneficial cooperation. In this new-level ties a participation is important of the two countries’ private sectors, and this can be provided by JBIC. A political decision of Japan on the relations with Mongolia as well as an implementation of projects and programs with the JBIC will significantly contribute to boosting of the bilateral strategic partnership cooperation and biggest projects on great construction such as building railways, producing liquid gas from coal and constructing thermal power stations on coal deposits.