The Government has decided to issue bonds worth MNT16
billion to raise capital for the new National Development Bank.

The MNT19 trillion needed to implement the government’s
Industrialization program has not yet been found. A survey has revealed that in
2010-2012 the government’s own income and aid from donors will total MNT10
trillion. The
new Bank will be state-owned and provide capital to main economic sectors such
as infrastructure and industry.