STANDING COMMITTEE HEAD MEETS CORALIE GEVERS

Ulaanbaatar /MONTSAME/ On Tuesday, a head of the parliamentary Standing committee on budget Ts.Davaasuren received Ms Coralie Gevers, a country director of the World Bank (WB) for Mongolia, in conjunction with her returning home soon. The sides discussed a present situation of Mongolia’s economy and projects that will be implemented by the WB here. Ms Gevers said Mongolia should promptly make a decision about accepting some projects to be realized with soft loans before April 15, otherwise, capitals for these projects might be passed to other countries. Emphasizing that soft loans negatively affect the debt burden over a country, the Standing committee head said Mongolia is ready to collaborate with the WB in augmenting the size of loans and in implementing the mining, education and agricultural biggest projects.