Mongolia reportedly waiting €40-mln loan from Austria

Mongolia|life|November 8, 2016 / 04:03 PM

AKIPRESS.COM - loans-credit Mongolia is expecting to receive a €40-million soft loan from Austria, News.mn reported referring to a plenary session of the Parliament.

The relevant agreement was signed between Vienna and Ulaanbaatar on 10 June this year.

The loan will be provided for 2 years at 0.4% interest. It is planned to be spent on the projects in healthcare, education, infrastructure, etc.

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