MPRP Majority Positive For New Investment

The MPRP victory in the June 29 general election is an extremely positive signal for the future of reform policy in Mongolia. The return to majority government will mean an end to the hung parliament and constant wrangling which characterised the old legislative dynamic, enabling the new executive to push forward on a wide range of market reforms and new investment deals in the key mining sector. Specifically, passage of the benchmark draft investment deal with mining giants Ivanhoe and Rio Tinto is now likely within 2008.

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