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LOANS & CREDITS
Mongolia: Development Policy Credit
Washington DC, June 26, 2009—The World Bank's Board of Executive Directors today approved the following project.
Approval Date: June 29, 2009
IDA Credit: US$40 million
Terms: Maturity = 40 years; Grace period = 10 years
Project ID: P115396
Project Description: The development objective is to improve the management of mining revenues, improve capital budget planning and protect the maintenance of basic infrastructure; protect the poor during the downturn by retargeting existing social policies to the poor; strengthen confidence in the financial sector; and clarify the mining policy framework.