MP Ts.Sedvanchig has sent to Prime Minister S.Batbold a query about the implementation and results of Parliament’s 30th protocol to support domestic producers and generate jobs.

Parliament passed the protocol to give the Government permission to issue bonds worth MNT 300 billion. In part, the money was to finance the wool and cashmere industries and low-interest loans for other businesses. Ts.Sedvanchig asked the Premier:

1.  How much money has been gathered from the Government’s MNT 300 billion bond issue and how has that money been allocated in the 2012 budget?
2. What organizations and what officials have monitored loan granting and repayment of “soft” loans to wool and cashmere producers?
3.  What commercial banks have been chosen to grant loans?
4.  What is the amount of the bonus to herders who sell wool to domestic producers and how many herders have collected it?  
5. How has the bonus been granted to herders, and where has the money come from? Who monitors the bonus program?  
6. What are the results of “soft” loans granted to small and medium-sized producers? How many jobs have been generated through the loans and what results have been concluded?