Mongolia bank chief outlines core fiscal policy

The core of the fiscal policy for 2001 is to concentrate huge flow of cashoutside the bank operation or facilitate their flow through banks, saidBank of Mongolia governor O. Chuluunbat at the parliamentary hearing of thestanding committee on economics. In order to do so, there is a need totighten the legal environment, avoid bad loans, develop equity market, andissue new kinds of securities.

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