The Government has appointed B.Batjargal, head of the budget policy board at the Ministry of Finance, to replace Ch.Khashchuluun as the head of the Development Bank’s representative managing council.

Ch.Khashchuluun was dismissed last Friday, because the Government felt the head of the DB’s representative managing council should be appointed from the Ministry of Finance, in light of the DB’s plan to issue bonds in a foreign market.