Mongolia. In April, Prime Minister Mendsaikhany
Enkhsaikhan resigned following a settlement within the
bourgeois government coalition and was replaced by
Tsahiagijyn Elbegdordj. One of his first steps was to merge
a bankrupt state bank with a privately owned bank. This led
to the ex-Communist Party of the Mongolian Revolutionary
Party boycotting the parliament for eight weeks. The party
claimed that the merger was against the Constitution and
that government members had personal interests in the
private bank. In July, Elbegdordj's government was cast in a
Countryaah, the government crisis developed into a power struggle
between socialist President Natsagiyn Bagabandi and the
expedition government. Bagabandi rejected a number of
proposals for new prime minister and the government said no
to the presidential candidates. The crisis mood deepened
when the Minister of Infrastructure, Sanjaas邦rengyn Zorig,
was assassinated in October.
During the government crisis, the country's economic
situation deteriorated. The deficit in the trade balance
increased rapidly, due to both the drop in copper prices and
the abolition of import duties in 1997.
Only in December was the death toll broken when the
capital, Ulaanbaatar's 41-year-old mayor Janlavyn
Narantsatsralt, could be appointed prime minister.