Latest news with #MongoliaPolitics
Bloomberg
3 days ago
- Business
- Bloomberg
Mongolia's Main Party to Form New Government After PM Ousted
By Updated on Save Mongolia's main political party will form a new government after lawmakers rejected a confidence vote, ousting Prime Minister Oyun-Erdene Luvsannamsrai and exacerbating uncertainty for the nation's economy as it struggles with China's weakening demand for raw materials. Oyun-Erdene lost the vote early Tuesday in the legislature, getting the support of 44 lawmakers in the live-streamed ballot, short of the 64 he needed. He remains as caretaker leader until the Mongolian People's Party he belongs to picks a new prime minister.
Yahoo
3 days ago
- Business
- Yahoo
Mongolia's prime minister resigns after losing vote of confidence
WASHINGTON — Mongolia 's prime minister resigned early Tuesday after he failed to receive enough support in a vote of confidence in parliament, Mongolian media reported. The country's embassy in Washington confirmed it. Prime Minister Oyun-Erdene Luvsannamsrai received 44 votes, well short of the 64 needed, according to news site The vote followed weeks of protests sparked by reports of lavish spending by the prime minister's son. Some called for the prime minister to step down. Before the vote, Oyun-Erdene warned that the vote could lead to instability and shake Mongolia's fledgling democracy. 'If governance becomes unstable, the economic situation deteriorates, and political parties cannot come to consensus. It could lead the public to lose faith in parliamentary rule and potentially put our democratic parliamentary system at risk of collapse,' he said. He defended his integrity but acknowledged a mistake: 'dedicating too much time to major projects while paying insufficient attention to social and internal political matters.' Oyun-Erdene had held the post for four years and survived previous calls to step down. Last year, parliament was enlarged from 76 seats to 126 following electoral reforms. It resulted in a coalition government. Landlocked between Russia and China, Mongolia has struggled to become more democratic after its party-state era. A communist state during the Cold War, it has been transforming into a democracy since the collapse of the Soviet Union. Protesters have said the country's mineral riches have benefited business interests and the wealthy, while many Mongolians still live in poverty. 'It's very difficult to build that foundation for democracy' at a time that Mongolia also must tackle economic problems, which are a major source of people's frustration, said Erin Murphy, deputy director and senior fellow of India and emerging Asian economics at the Center for Strategic and International Studies. 'We still have to see what happens next and how the new government plans to tackle these issues,' she said. While democracy is yet to thrive in Mongolia, 'it is taking root,' Murphy said.
The Independent
3 days ago
- Business
- The Independent
Mongolia's prime minister resigns after losing a parliament vote of confidence after protests
Mongolia 's prime minister resigned early Tuesday after he failed to receive enough support in a vote of confidence in parliament, Mongolian media reported. The country's embassy in Washington confirmed it. Prime Minister Oyun-Erdene Luvsannamsrai received 44 votes, well short of the 64 needed, according to news site The vote followed weeks of protests sparked by reports of lavish spending by the prime minister's son. Some called for the prime minister to step down. Before the vote, Oyun-Erdene warned that the vote could lead to instability and shake Mongolia's fledgling democracy. 'If governance becomes unstable, the economic situation deteriorates, and political parties cannot come to consensus. It could lead the public to lose faith in parliamentary rule and potentially put our democratic parliamentary system at risk of collapse,' he said. He defended his integrity but acknowledged a mistake: 'dedicating too much time to major projects while paying insufficient attention to social and internal political matters.' Oyun-Erdene had held the post for four years and survived previous calls to step down. Last year, parliament was enlarged from 76 seats to 126 following electoral reforms. It resulted in a coalition government. Landlocked between Russia and China, Mongolia has struggled to become more democratic after its party-state era. A communist state during the Cold War, it has been transforming into a democracy since the collapse of the Soviet Union. Protesters have said the country's mineral riches have benefited business interests and the wealthy, while many Mongolians still live in poverty. 'It's very difficult to build that foundation for democracy' at a time that Mongolia also must tackle economic problems, which are a major source of people's frustration, said Erin Murphy, deputy director and senior fellow of India and emerging Asian economics at the Center for Strategic and International Studies. 'We still have to see what happens next and how the new government plans to tackle these issues," she said. While democracy is yet to thrive in Mongolia, 'it is taking root,' Murphy said.
