New government will face difficulties arising from faltering growth, falling commodity exports, repayment of foreign debt, money laundering issues and continuing tensions over foreign investment in country’s copper and gold mines.
Incumbent Mongolian People’s Party (MPP) faces challenges from opposition Democratic Party (DP) and record number of independent candidates. Analysts point to politically motivated arrests of contenders in run-up to vote.
Decision made amid pandemic disruption to financial markets and with one eye on vote-shifting distrust of foreign investors ahead of elections.
The stop-shock caused by the coronavirus (COVID-19) pandemic has brought economies around the world to a screeching halt. 85 countires have turned to the IMF, the lender of last resort, for help
Development bank looks at the resilience of states in the region to falling commodity prices, value chain disruption, declines in tourism and domestic disruption.