MINISTER OF FINANCE MEETS ADB'S DELEGATION

Ulaanbaatar, Mongolia, /MONTSAME/ The Minister of Finance S.Bayartsogt received Wednesday Mr. S.Shamsuddin, an executive director of the Asian Development Bank (ADB) for Mongolian affairs.
The Finance Minister mentioned that Mongolia's side is going to discuss matters with the ADB's working group, which will work here in June, an opportunity for Mongolia and terms to get a right to receive a financing from the ADB's simple capital resource.
Bayartsogt thanked Mr. Shamsuddin for promptly making a decision through the ADB on rendering a non-refundable aid of USD 2.5 million, dedicated to herder families that suffered from the zud disaster, from the Asia-Pacific Fund of Combating against Disasters. The Minister and Mr. Shamsuddin exchanged views on a strategic document on the Mongolia-ADB cooperation in the years 2010-2015.
Mr. Shamsuddin expressed his willingness to study opportunities for the bilateral collaboration and to expand the cooperation, and said he will give an official report to Mongolia soon.
The ADB has been cooperating with Mongolia from 1991. Since then, it has rendered assistance of over USD 750 million to Mongolia for development, implemented various projects and programs in road, transportation, urban development, education and health sectors.
B.Khuder