Based on Law to Make Amendments to 2010 Budget of Mongolia, Provision No. 5 of
Article 9 of State and Local Property Law, Article 18.1 of Banking Law, and Article 2.1.31 of 20082012 Government Programs, the Government of Mongolia RESOLUTES: 1. Establish the Development Bank of Mongolia and approve its Chapter as attached. (Amended by the Government Resolution No.151 dated May 11th, 2011) 2. Assign the National Development and Innovation Commission (Ch. Khashchuluun) and the State Property Committee (D. Sugar) to take measures to start the operations of the Development Bank within the 3rd quarter of 2010 in accordance with relevant rules and to have an international, experienced, professional and independent management team as the executive management of the bank based on a selection process. /Amended by the Government Resolution No.192 dated May 25th, 2013/ 3. Assign the State Property Committee (D. Sugar) to immediately decide matters concerning the provision of premises and equipment to the Development Bank to start its activities and to appoint members of the Board of Directors in compliance with relevant rules.
Prime Minister of Mongolia
S. Batbold
Minister of Mongolia Head, Cabinet Office of the Government /stamped/