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Mongolia|politics|November 14, 2018 / 12:50 PM
EU to grant 50mln euros to Mongolia for budgetary policy reform

AKIPRESS.COM - Foreign Affairs Minister D.Tsogtbaatar met EU Commissioner for International Cooperation and Development Neven Mimica on November 13, who is on a working visit to Mongolia, Montsame reports.

At the outset of the meeting, Minister D.Tsogtbaatar emphasized that the European Union, ‘third neighbor’ of Mongolia, is reliable partner, which effectively supported Mongolia’s democracy and transition into market economy from the beginning. Mentioning fruitful outcomes of the Multi Indicative Program (MIP) being implemented by the EU for Mongolia, Mr. Tsogtbaatar noted an importance of expanding bilateral economic relations, in particular to augment investment of EU and its member states.

In turn, Mr. Mimica said that the EU is for stepping up its relations with Mongolia and informed that EUR50 million will be granted to Mongolia as a support for budgetary policy reform within the MIP.

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