|
$100 million Kazakh-Mongolian Investment Fund created |
|
|
|
|
Tuesday, 12 August 2008 |
Plans are moving ahead on creating
a joint Kazakh-Mongolian Direct Investments Fund for encouraging business
opportunities between the two countries.
With an initial funding of
$100 million USD, the fund will seek to assist in the development in
Mongolia in areas including energy, transport, financial sector, telecommunications,
tourism, mining and other areas.
Calling the fund a financial
bridge, spokesmen for both countries anticipate using the fund for financing
very large economic projects to benefit both countries.
 Be first to comment this article | |
Only registered users can write comments.
Please login or register. Powered by AkoComment Tweaked Special Edition v.1.3.0 |
News Archives 
