www.unuudur.com » Mongolia agrees economic bailout plan worth $5.5 billion with IMF, other partners

Mongolia agrees economic bailout plan worth $5.5 billion with IMF, other partners

[Нийтэлсэн: 12:03 19.02.2017 ]

www.reuters.com

Mongolia has agreed with the International Monetary Fund and other partners for a $5.5 billion economic stabilization package, according to a statement from the IMF on Sunday.

Asia Development Bank, World Bank and bilateral partners, including Japan and South Korea, will provide up to $3 billion, while People’s Bank of China will expand a swap line worth 15 billion yuan ($2.19 billion), the IMF said.

IMF will offer three-year loans worth about $440 million.

(Reporting by Terrence Edwards; Editing by Himani Sarkar)



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