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
will closely cooperate with commercial