India Extends Mongolia $1 Billion Credit Line for Infrastructure
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India will provide Mongolia with a $1 billion line of credit to help fund railway, power and other infrastructure projects, a much-needed boost for the north Asian country struggling to right its slowing economy.
“We will take our economic partnership to a new level,” Indian Prime Minister Narendra Modi said today at a joint press conference with his Mongolian counterpart, Saikhanbileg Chimed.