Cover Mongolia CEO comments on Mongolia elections to FT

 June 30th, 2016      178

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.


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