Saikhanbileg appointed as new Mongolian prime minister

Mongolia`s parliament has appointed Chimed Saikhanbileg as prime minister, the Foreign Ministry said on Friday. 

Reuters| Updated: Nov 21, 2014, 13:19 PM IST

Ulan Bator: Mongolia`s parliament has appointed Chimed Saikhanbileg as prime minister, the Foreign Ministry said on Friday. 

Saikhanbileg replaces Norov Altankhuyag, who was removed from his post on Nov. 5 amid concerns about a serious economic downturn in the landlocked Asian country, which depends heavily on foreign mining investment and commodity prices.