The Government meeting was convened on Monday and the members ratified a protocol of apartment loans at six percent interests relating to implementation of 100,000 housing.

The meeting asked Representative Managing Council of Development Bank to organize apartment loans granting to citizens with commercial banks along rules to use commercial banks’ sources until issuing bond of DB.

Finance Minister D.Khayankhyarvaa has been asked to decide apartment loan interests difference that citizens have borrowed apartment loan higher than six percent interests, focus on compensation of loan interests difference to 2013 budget proposal, account bond and interests payment. Also Deputy Prime Minister and Chief of National Committee M.Enkhbold has been asked to monitor loan granting and the protocol implementing.

Prime Minister S.Batbold estimated the Ministers of Finance and of Road, Transportation and Urban Development for their active work and organization of the apartment loans’ issue. He also noted that goals to house citizens have now become work and citizens could decide apartment purchase without financial difficulties.

According to statistics, commercial banks have lent MNT485.4 billion for 15,000 households for apartment purchase in 2011.

The Government meeting also passed “National Program for Mongol Studies Development”. The program has aimed to develop Mongol studies, regulate correlation between Mongol studies’ sectors, intensify Mongolia’s participation to prepare young researchers’ generation abroad, and keep Mongolia’s position to be a center of Mongol Studies.

Education, Culture and Science Minister Yo.Otgonbayar has been asked to pass program plan and monitor the program implementation. Needed capital for the program would be financed by the minister’s budget.