Pro-IMF Mongolia Party Looks to Consolidate Power Over Populists
- Campaign for Monday’s presidential vote marred by mudslinging
- Ruling MPP would control all government levers with victory
Mongolia's Boom-Bust-Bailout Cycle
This article is for subscribers only.
The head of Mongolia’s ruling party could consolidate power in Monday’s presidential election. First, he must survive one of the ugliest campaigns in the country’s history.
Parliament Speaker Enkhbold Miyegombo has found himself battling leaked tapes and corruption claims as two veteran opponents vie for the last elected office not held by his Mongolian People’s Party. His main challenger, Battulga Khaltmaa of the Democratic Party -- which now controls the presidency -- has brushed aside questions about his own finances to promote a populist agenda, including greater controls on the developing nation’s vast mineral resources.