Mongolia votes in new prime minister as economy stalls

ULAN BATOR, Nov 21 — Mongolia’s parliament today chose a new prime minister to head its fractured government, an official website said, as the sprawling, resource-rich nation struggles with stalling economic growth.
The Democratic Party’s Chimed Saikhanbileg was overwhelmingly voted in after the opposition Mongolian People’s Party (MPP) boycotted the vote.
Land-locked Mongolia enjoyed world-beating growth in recent years — peaking at 17.5 per cent in 2011 — on the back of a boom in resources exports, mainly of coal, copper and iron ore.
But a collapse in commodity prices slowed economic expansion to 5.3 percent in the first half of this year, at a time when the country faces rising inflation and a falling currency.
The Mongolian legislature, which is also known as the Great Hural, voted earlier this month to dismiss DP leader Norov Altankhuyag after he was accused of cronyism and failing to address growing economic problems.
Some observers had expected a “grand coalition” to be formed between the DP and the main opposition.
But the MPP voted earlier this week to oppose current cabinet secretary Saikhanbileg’s appointment. They had criticised him for being part of the previous leadership that had overseen the slowdown in Mongolia’s growth.
Saikhanbileg was voted in by 42 of the 44 members present after the MPP boycotted the vote, the Mongolian parliament said on its website Friday.
“In many ways Saikhanbileg’s election in the absence of the MPP signals a continuation of the previous government,” said Julian Dierkes, a Mongolia expert at the University of British Columbia.
“The next decision to watch will be the appointment of a cabinet where a larger number of professionals and bureaucrats may signal a greater pragmatism and recognition of pressing challenges to be addressed by the government.”
Saikhanbileg, who was born in 1969, is among the younger generation of Democrat politicians, and is a graduate of George Washington University.
Mongolia, for decades a tightly-controlled Soviet satellite, shook off communism nearly a quarter of a century ago. — AFP


Post a Comment

Facebook page

Powered by Blogger.


Advertising in Mongolia An Asian Development Bank Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia Adventure Mongolia agriculture Mongolia analysis Mongolia and Armenia Mongolia and Asian Development Bank Mongolia and Australia Mongolia and Azerbaijan Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and Czech Mongolia and donors Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and IMF Mongolia and India Mongolia and Indonesia Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Qatar Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and Thailand Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia blind Mongolia civic society Mongolia Corruption Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia environment Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia investment Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Nuclear Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia slums Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia trade Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian and Cuba Mongolian Archeology Mongolian Climate Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Kazakh Mongolian Meat Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Sumo Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive