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AGREEMENT ON SOUTH KOREAN LOAN

AGREEMENT ON SOUTH KOREAN LOAN
11
May

AGREEMENT ON SOUTH KOREAN LOAN

“General agreement between Governments of Mongolia and the Republic of Korea on loan from the Economic Development Cooperation Fund (EDCF) from 2017 to 2019” was discussed yesterday at the Cabinet’s meeting. The loan amount totals USD 500 million with 0.2% of interest rate and has a repayment period of 30 years and a grace period of 10 years.