PREMIER VISITS JP MORGAN BANK

Ulaanbaatar /MONTSAME/ With a working visit to the USA, the Prime Minister of Mongolia Mr Ch.Saikhanbileg Wednesday met Mr Daniel Silicon, a director of the JP Morgan Bank in charge of governmental cooperation affairs. One of the largest commercial banks of the USA, the JP Morgan Bank has played a main role in the investment and bond markets of Mongolia and has collaborated in issuing of the “Chingis” bonds. The Premier expressed a satisfaction with the cooperation with the JP Morgan Bank, and said Mongolia wants to continue the ties in other issues, such as resolving a financial matter of the investment fund and the cashmere market. The sides also discussed an issue of attracting investments to Mongolia, such as establishing a joint investment fund. The bank expressed a willingness to make investments in infrastructure and mining sectors. Mr Silicon said the bank is ready to make direct and non-direct investments or in bond form to Mongolia.