Mongolia to receive two billion RMB in aid from China
Foreign Minister Ts.Munkh-Orgil has reported that Mongolia will be receiving two billion RMB in aid from the People’s Republic of China in the period between 2018 and 2020.
Mongolia to receive two billion RMB in aid from China. Foreign Minister Ts.Munkh-Orgil has reported that Mongolia will be receiving two billion RMB in aid from the People’s Republic of China in the period between 2018 and 2020. That was told at a monthly press conference held by the Ministry of Foreign Affairs. “As part of Mongolian Prime Minister’s visit to China, more than 21 agreements were signed by the government, ministries, and private businesses. One large agreement was to intertwine Mongolia’s Development Road infrastructure project with China’s One Belt, One Road initiative,” noted Mr. Foreign Minister. Furthermore, he noted that Mongolia will receive 350 million RMB in aid by 2017, and it will be used for the redevelopment of the ger peri urban districts in the capital city Ulaanbaatar. Another 300 million RMB in aid to be received by 2017 will be used to improve conditions at border crossings.
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