The Central Bank of Mongolia has completed financial backing for meat price stabilization and the meat reserve program.

Erdmiit Company is the latest of four that has been granted a 5.4 billion MNT loan by Khaan Bank.

The Central Bank of Mongolia and the Government of Mongolia jointly launched the sub-program “Primary Products Price Stabilization” from October 26th.

 One part of the program, the “forming flour reservoir and price stabilization” sub-program, is in the pre-selection stage and contract negotiations are in process.