MPP demands Speaker to run parliament as classic consensus establishment
The Mongolian People’s Party (MPP) members in parliament have delivered a statement to the Speaker of Parliament, Z.Enkhbold, demanding that the Government of Mongolia, composed of the coalition of the Democratic Party, Mongolian People’s Revolutionary Party and Mongolian National Democratic Party, report work done last year to the parliament. The statement also demands the examination of the operations of Mongol Bank, and appointing a working group from parliament to take measures against ministers responsible for Mongolia’s struggling economy since its 42 percent decline in foreign investment, and 15 billion USD in foreign debt exceeding GDP.
The Mongolian People’s Party expressed immediate concern for the purchasing power of the tugrik, which has been in decline as its rate against the dollar rose past 1,700 MNT. The state’s foreign currency resources have fallen by nearly half of previous reserves, which means the state’s financial independence has also deteriorated. The MPP believes that Mongolia is facing the risk of construction projects falling through and a decline in the living standards of its people.
The Mongolian People’s Party has stated its position on correcting the mistakes of the government before it is too late and is issuing a public warning about the situation. Representatives told local media, “Unfortunately, the authorities refused our demands and statements, and disclaimed the possibilities to cooperate in uniting the parties, which led to the current economic situation… Thus, the Mongolian People’s Party in Parliament demands that the Speaker of Parliament, Z.Enkhbold, stop indulging the mistakes of government and run the parliament as a classic consensus establishment.”
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