Citigroup: Ruling party may resume the joint program with IMF
3 өдөр, 12 цаг өмнө
- Nationwide, 41.2 percent of the 2,070 polling stations, or 849 polling stations, did not detect any violations in the manual counting of ballots
According to Citigroup, the victory of the ruling party in the parliamentary election in Mongolia will not only contribute to the stability of policy but also pave the way for a joint program with the International Monetary Fund (IMF) one more. The bank estimates that Mongolia’s budget deficit will increase to 10.1 percent of GDP this year. The economy is also expected to shrink by 0.4 percent year on year. The 8th parliamentary election ended last week, the ruling Mongolian People’s Party (MPP) won an absolute victory with 62 seats and the Democratic Party (DP) with 11, and other seats made up with two coalitions, and one independent. The General Election Commission (GEC) has discussed the results of the parliamentary elections and issued a resolution declaring the 76 candidates who received the most votes in each of the 29 constituencies to be members of the Parliament. After the ID card is handed over to MPs on June 29, the results of the regular election will be submitted to the Parliament along with the relevant decision. Following the event, the results of the election and the decision on his/her election as a member of the cabinet shall be delivered to the President of Mongolia. The regular parliamentary elections took place on Wednesday, with 73.65 percent of the 2,003,969 registered voters casting their ballots. This was the highest attendance since 2000. Nationwide, 41.2 percent of the 2,070 polling stations, or 849 polling stations, did not detect any violations in the manual counting of ballots.