China offers Mongolian Premier large aid package - News.MN

China offers Mongolian Premier large aid package

Old News! Published on: 2017.05.16

China offers Mongolian Premier large aid package

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Л.Энх-Оргил
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Mongolian Prime Minister J.Erdenebat returned from his visit to China (15th of May), where, along with other world leaders and influential investors, he participated in the ‘‘Belt and Road’ International Cooperation Forum. In Beijing, the Mongolian Prime Minister met  Xi Jingpin, President of China, Russian President Vladimir Putin and UN Secretary-General Antonio Guterres. Mr Erdenbat travelled to the Chinese capital at the invitation of Li Keqiang, Premier of China was under attention of international investors.

During the meeting, Li Keqiang said, ‘China is ready to give a hand to Mongolia to overcome its economic difficulties and Beijing has agreed to grant CNY 2 billion in aid for Mongolia over the next three years. Furthermore, the two sides agreed to extend agreement between the Mongol Bank and the People’s Bank of China, with China’s Central Bank, to swap MNT for RMB and to give a total of CNY 350 million free grants for Mongolia.

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