Z. Narantuya: The Development Bank Needs to Be Brought Back to Its Rightful Place Through a Legal Framework

The Development Bank of Mongolia organized the “Development and Reform” forum today and presented its draft law to the public. The draft law on the Development Bank has 10 chapters and 46 articles, and introduces major changes in the organization of the bank’s duties and responsibilities. The reform emphasizes the goal of creating a legal basis for an open, independent, and accountable Development Bank that is consistent with international best…