Mongolia Govt. may ask fast repay Gold-2 loan...No one predicted such a low performance in 2021, only 1% up GDP, BoM (central bank) & other Govt. bodies targeted around 5%-7%, even IFC's target was 6%....but missed. Some economists says inflation rate may hit 20% pa (now 16%) due to bottleneck jam of border logistics + rapid increase in Chinese internal consumer price.....Seemed no in the world likes old KGB style & don't wanna help Russia, only goods from China currently available...
So, above situation pushing Mongolian Govt. to fast response economic situations. That's why Development bank of Mongolia corruption case is escalated incredibly...Govt. wants money back ASAP....or there will be taken strict legal measures through law enforcements. USD/MNT forex rate is increasing dramatically. Some says Russians collecting dollars in cash from UB's black market.
BoM (Bank of Mongolia) needs more gold, Govt. needs more money...But wait, how much debts is STGO own? Around $90M ? Have to repay it quickly
I was thinking, what if just place pictures of gold dore produced, sent to BoM instead such sh't MD&A, Financials in SEDAR? No one trust in their financials now....