Mongolian presidential election polls open

Mongolian presidential election polls open

Mongolians headed to the polls Wednesday for a presidential election with the three candidates promising fairer wealth distribution from a spectacular mining boom that has raised questions over the role of foreign investors.

Recent polls suggest President Tsakhia Elbegdorj will secure a second term to continue his policy of using foreign cash to help drive the rapid development of Mongolia’s economy, which grew by 17.5 percent in 2011 and 12.3 percent last year.

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