Mongolia faces more about $2bn in debt repayments due in next year after the government borrowed heavily to finance road and infrastructure projects during the boom years.
The improvement comes despite the fact that most economies in the region face challenges related to the fall in commodity prices, volatile exchange rates, recession in Russia and slowing Chinese economy.
The Mongol tugrik has been the world’s worst-performing currency in August
MPP returns to power with more than two-thirds of the seats in the legislature.
The election contest for EBRD president that takes place on May 11 is so one-sided that many observers are wondering why Polish central bank governor Marek Belka is challenging incumbent Sir Suma Chakrabarti at all.
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