Mongolia: Mining Sector Institutional Strengthening Technical Assistance Project


LOANS & CREDITS Mongolia: Mining Sector Institutional Strengthening Technical Assistance Project
RELATED Mongolia Mining Sector Technical Assistance Project	Washington DC, June 26, 2008—The World Bank's Board of Executive Directors today approved the following project. IDA Grant: SDR 2,570,000 IDA Credit: SDR 3,150, 000 Terms: Maturity= 40 year Grace Period= 10 year Project Description: The project aims to assist the Government to develop further the policy, fiscal, legal, regulatory and institutional framework for the mining and extractive sector that meets the needs of government, industry, and civil society. This includes the operation of Erdenes MGL LLC, the Holding Company for State Equity, according to good international practice associated with a commercial entity.
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Washington DC, June 26, 2008—The World Bank's Board of Executive Directors today approved the following project.

IDA Grant: SDR 2,570,000
IDA Credit: SDR 3,150, 000
Terms: Maturity= 40 year Grace Period= 10 year

Project Description: The project aims to assist the Government to develop further the policy, fiscal, legal, regulatory and institutional framework for the mining and extractive sector that meets the needs of government, industry, and civil society. This includes the operation of Erdenes MGL LLC, the Holding Company for State Equity, according to good international practice associated with a commercial entity.