Al Jazeera: How corrupt is Mongolia?

Mongolians have cast their votes on Thursday to elect a new parliament, and the next government. One-third of the country’s three million people live below the poverty line, and many say they haven’t seen any benefit from the rapid economic growth. At stake in the election was the issue of spreading the wealth of the country’s mining boom. The money is rolling in but the people remain poor. Mongolia is wedged between China and Russia, and has massive deposits of coal, copper, gold and uranium. The government estimates its mineral reserves to be worth $1.2 trillion. The country’s economy grew by 17.3 per cent last year, one of the fastest-growing in the world. Its foreign direct investment stands at around $5bn. To read the full article & view the video, click hereHow corrupt is Mongolia?

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