THE GOVERNMENT DECIDED TO PAY 10.65 PERCENT CURRENT CAPITAL LOAN INTEREST RATE DIFFERENCE
In cooperation between the Ministry of Food, Agriculture and Light Industry and the Mongolian Wool and Cashmere Association, the government agreed to provide MNT 150 billion loan for 2 years at 3% interest rate, but due to the Bank of Mongolia’s interest rate policy increase, the interest rate raised and the loan issue was temporarily suspended.
As a result of cooperation between the MOFALI and MWCA to resolve the issue of increasing interest rates, today’s Cabinet meeting decided to resolve the issue of interest rate gap, thus the manufacturers will receive the loan at 3% annual interest rate and the rest of the interest payment, which is 10.65%, will be provided from the state budget. will be provided from the state budget.
April 6, 2022
