Ulan Bator: Mongolia`s generally pro-business Democratic Party is forming a coalition government with smaller populist parties, raising concerns about policy changes for foreign companies in the country`s mining boom.
Three weeks after Legislative Elections, the Democratic Party announced late yesterday it had reached an agreement with a group of smaller parties. The coalition will combine the 31 seats the Democrats won with the other parties` 13 seats, giving them a majority in the 76-seat Parliament.
Among the biggest winners is former president Enkhbayar Nambar.
Though barred from running because he faces corruption charges, his splinter party and an affiliate group gave the Democrats a majority.
Enkhbayar`s party platform called for better terms for Mongolia on huge mining projects involving foreign investors.