国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Home / World

IMF agrees terms for $5b loan to Mongolia

By Associated Press in Beijing | China Daily | Updated: 2017-02-20 08:13

The International Monetary Fund said on Sunday that it and other partners have agreed on terms for a more than $5 billion loan package to the Mongolian government to help get the north Asian country's economy back on track.

The deal is subject to approval by the IMF's executive board, which is expected to consider Mongolia's request in March.

According to the terms agreed by the Mongolian government and IMF envoys, the IMF would provide $440 million over three years. The Asian Development Bank, World Bank, Japan and South Korea are together expected to provide up to $3 billion, and the People's Bank of China is expected to extend its 15 billion yuan ($2 billion) swap line with the Bank of Mongolia for at least another three years, the IMF statement said.

IMF agrees terms for $5b loan to Mongolia

The economy of mineral-rich Mongolia has been hit hard in recent years by a sharp decline in commodity prices and a collapse in foreign direct investment.

Mongolia's national debt now stands at about $23 billion, or twice the annual economic output, and a $580 million payment to foreign bondholders is due on March 21.

The IMF statement said the loan agreement would mean Mongolia has to strengthen its banking system and adopt fiscal reforms to ensure that budget discipline is maintained.

Generally, terms required by the IMF as a condition for such lending often prompt complaints in borrower countries that the conditions hurt the poor or undercut economic growth by reducing social spending or investment in public facilities.

Adding to Mongolia's woes is an exceptionally cold winter for the second successive year, which the Red Cross warned last week was putting the livelihoods of more than 150,000 nomadic herders and family members at risk.

(China Daily 02/20/2017 page12)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
九江县| 剑阁县| 四川省| 新郑市| 磐安县| 高阳县| 石泉县| 英山县| 崇仁县| 中超| 连州市| 辽中县| 双柏县| 繁昌县| 平凉市| 金湖县| 长宁县| 东丽区| 新乡县| 夏河县| 罗源县| 遂宁市| 和静县| 图们市| 镇巴县| 宣化县| 汤原县| 聊城市| 夹江县| 张掖市| 乳源| 鄂伦春自治旗| 乌兰县| 中阳县| 仪征市| 平潭县| 梁山县| 弥勒县| 西乡县| 吉隆县| 武功县|