KM Financial Solutions | IMF says Mongolia’s debt forgiveness plan violates 2017 bailout deal
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IMF says Mongolia’s debt forgiveness plan violates 2017 bailout deal

IMF says Mongolia’s debt forgiveness plan violates 2017 bailout deal

A plan by the
Mongolian government to repay 776 billion tugriks ($283 million)
of debt held by its elderly citizens is not in line with the
pledges it made in 2017 to secure a bailout deal from the
International Monetary Fund, the IMF said on Friday.

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