The UB Post
Prime Minister receives delegates from German Economic Cooperation Ministry
On Friday, Prime Minister J.Erdenebat met with Parliamentary State Secretary to the German Federal Minister for Economic Cooperation and Development HansJoachim Fuchtel to discuss economic cooperation between the two countries.
The Prime Minister thanked the Government of Germany for supporting Mongolian democracy and economic reform since 1990, and for providing nearly 350 million EUR in soft loans and non-refundable aid through development policy cooperation and negotiations between Mongolia and Germany.
He added that the Government of Mongolia is working to promote foreign investment to revive the economy.
During their meeting, the sides agreed to organize joint activities that promote collaboration between the entrepreneurs of the two countries.