At a meeting of the Mongolian Parliament, a EUR 40 million soft loan from Austria has been re-confirmed. The general financial cooperation agreement been Vienna and Ulaanbaatar was signed under the previous administration on 10^th of June.

The loan comes with 0.4 percent interest and two year terms. According to the original statements by the Mongolian and Austrian governments, the loan will be spent on projects in the health, education, social and infrastructure spheres.