A joint meeting of the Standing Committees on the Economy and on the Budget approved on Tuesday a proposed agreement between Mongolia and Germany. Parliament will now discuss the terms governing a loan of 4.5 million euro carrying 0.75 percent interest and repayable in 40 years. The money will be used to repair and upgrade a 7.45-km road from Ulaanbaatar to Bornuur of Tuv province and another 24.72-km road from the capital to Jargalant soum.