The executive board of the International Money Fund (IMF) held a meeting about Mongolia’s request on the Extended Fund Facility Programme on 28th of April. However, the IMF office in Mongolia explained that the aid programme has been delayed because of a resolution of the Mongolian Parliament linked to approval of the 2017 State Budget; the resolution states that major companies such as Oyu Tolgoi LLC must transfer all their payments and transactions through banks operating only in Mongolia. Rio Tinto has requested that the IMF examines whether the resolution violates the law on investment and is harmful to investors.