June 30th, 2016 176
Mongolia opposition scores landslide election victory
by Lucy Hornby
June 30 (Financial Times) The Mongolian People’s party has won a landslide victory in parliamentary elections, returning to power after a four-year gap that has seen a steep economic downturn.
The MPP is expected to continue the Democrats’ efforts to steer the country through the crisis without a painful and politically embarrassing public reckoning of the cost of the commodities slump. “I think MPP will do everything to avoid a bailout,” said Badral Munkhdul, who runs the economic consultancy Cover Mongolia.