On Wednesday 15th March, a meeting of the “American Chamber of Commerce in Mongolia” was held with Prime Minister Saikhanbileg as a guest. In his address Mr Saikhanbileg said that the Government of Mongolia has borrowed USD 250 million from the Credit Suisse Bank; this was received by the Ministry of Finance last year. The PM, however, did not disclose the details of the deal – namely, the period and the rates.
Related to this, from 6th-9th March, Finance Minister B.Bolor was at PDAC International Convention in Toronto, Canada, which is a trade show and investors’ exchange connected with all aspects of mining and mineral exploration attended by over 23,000 people from over 100 countries. During the convention, Minister Bolor has been actively working to secure loans from international banks.
PDAC International Convention, Trade Show & Investors Exchange is
the world’s leading Convention for people, companies and organizations
in, or connected with, mineral exploration