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.

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