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Japan offers $236m in loans to Mongolia

Christian Fernsby ▼ | October 10, 2020
Japan will extend 25 billion yen ($236 million) in emergency loans to Mongolia to assist its efforts to revitalize the economy hard hit by the novel coronavirus pandemic, Foreign Minister Toshimitsu Motegi said Friday after talks with his Mongolian counterpart Nyamtseren Enkhtaivan, according to Kyodo.
Station   Ulaanbaatar
Speaking in an online press conference after the meeting in Ulaanbaatar, Motegi said "I hope to further develop the bilateral strategic partnership" with Mongolia, which shares universal values such as the rule of law and democracy with Japan, Motegi said as Japan has often looked to Mongolia.

Topics: Japan Mongolia

In a separate meeting with Mongolian Prime Minister Ukhnaa Khurelsukh, Motegi said the two sides agreed to promote work toward the early opening of a new international airport in the Mongolian capital, a project financed by Japan's loans.