Ulaanbaatar /MONTSAME/. In preparation for “The Years to Visit Mongolia”, the government will issue MNT
55 billion in loans to companies in the tourism industry, subsidizing an annual
interest rate of 7 percent.
The MNT 55 billion loans will be financed through the sources of commercial banks with a term of 2 years, and the government will
subsidize up to 7% of the loan interest rate. Specifically, If the annual interest rate of commercial
bank loans were 15-16 percent, the government would cover 7 percent of the interest rate.
The Ministry of
Environment and Tourism believes that it would be a significant impetus for the rapid development of tourism industry. In this
regard, the Ministry of Finance, the Bank of Mongolia, and the Loan Guarantee
Fund will closely cooperate with commercial
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