Reuters: Mongolia’s free-market MDP claims election lead

The pro-free market Mongolian Democratic Party (MDP), part of a grand coalition until January, said on Friday it was leading in parliamentary elections which are being closely watched to see how the new government handles a spectacular mining boom. The right-leaning party said it had won at least 36 of 76 seats in the legislature, the Great Khural, though the election commission has yet to confirm the result of Thursday’s poll. It will need 39 seats to form the next government and is front-runner to form a coalition if it doesn’t hit that number. Politicians are under pressure to try to redistribute the proceeds from Mongolia’s vast mineral wealth, and analysts had been anticipating a swing to the left following this week’s vote. To read the full article, click hereMongolia’s free-market MDP claims election lead

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