ULAN BATOR (Xinhua) – Mongolia has received the fourth tranche of funding from the International Monetary Fund (IMF), worth $36.91 million. With the tranche, Mongolia will be able to increase its currency reserves, the Bank of Mongolia said. The tranche is a part of a three-year IMF extended funding facility (EFF) totalling about $434.3 million. Approved in 2017, it is part of 5.5-billion-dollar funding from donor countries and international financial organisations, including Japan, South Korea and the World Bank, to stabilise the economy and lay the basis for sustainable and inclusive growth.
Mongolia receives $36.91 mln IMF loan
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