EBRD Ups Mongolian Private Investments

The European Bank for Reconstruction and Development will scale up its private sector investments in Mongolia to USD70 million this year and nearly USD145 million in 2009, said John Chomel-Doe, EBRD director for Mongolia. The bank is looking at investing in Mongolian mining and retail industries. (“European Bank to Boost Investments in Mongolia by Almost 50 percent” - Bloomberg, Sept. 13, 2008)

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