Parliament ratified on Saturday two loan agreements. The first is for a Chinese loan of USD500 million repayable in 20 years with 2% annual interest. The other is from the International Development Association to develop the mining sector.

The session also passed a draft protocol to use a USD1.5 million loan to support pastureland management and to help herders who lost all their livestock in the dzud. The loan carries an annual interest of 0.75% and is to be repaid in 40 years.