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The Asian Growth Financial institution has allotted $100 million in emergency loans to assist the Mongolian authorities climate the impression of financial shocks.
The Russian invasion of Ukraine and persevering with border restrictions with China as a consequence of Covid-19 have triggered substantial fiscal stress in Mongolia, the ADB stated in a press release on August 25.
“This ADB mortgage will assist authorities measures to stabilise the economic system,” stated ADB monetary sector specialist Peter Rosenkranz. “The funds assist offered by way of
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