ULAN BATOR, Sept 8 (NNN-MONGOLIAWEB) – Mongolia and the World Bank signed two agreements totalling 21 million U.S. dollars, to mitigate the impact of the COVID-19 pandemic on the economy and society, and protect medical workers from the virus, Mongolian Finance Minister, Chimed Khurelbaatar said.
The agreements were signed by Khurelbaatar and Andrei Mikhnev, World Bank country manager for Mongolia, here yesterday.
Of the total amount, 20 million dollars are a soft loan, to provide temporary relief to eligible workers and employers, in response to the COVID-19 pandemic and help provide the country’s job seekers and micro-entrepreneurs with improved access to labour market opportunities, Khurelbaatar said.
The remaining non-refundable aid of one million dollars, will be spent on protecting Mongolian health care workers, who are working on the front line against the COVID-19, he added.
Mongolia confirmed 310 COVID-19 cases so far, with no local transmissions or deaths.– NNN-MONGOLIAWEB