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15th of October 2018

Mongolia



Government’s foreign debt falls by 328 million USD in Q2'18

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The American Chamber of Commerce in Mongolia

2018-09-10 16:08 GMT+8

The Bank of Mongolia (BoM) reported that the government’s foreign debt fell by 328 million USD in the second quarter of 2018, compared to the previous quarter, it's greatest drop over the last ten quarters.

The government's aggregate debt increased by 898 million USD in the first half of the year, reaching 6.9 billion USD, compared to the same period in 2017. According to the BoM, there is no great amount of debt to be repaid this year, but in both 2022 and 2023, the government will have to repay more than 1.1 billion USD in foreign debt.

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