ULAN BATOR, May 25 (Xinhua) -- The Mongolian General Election Committee said Monday that Tsakhia Elbegdorj, candidate of the Democratic Party, has won the presidential election with 51.24 percent votes, according to preliminary results.
Elbegdorj's victory was attributed mainly to Mongolian people's expectations for change amid the global economic crisis.
Mongolia has seen low economic development in recent years but the current government has failed to take timely and effective measures to boost its economy.
The country enjoys abundant mining resources, most of which are in the hand of a few individuals. The government was trying to gain a certain shares of large mining projects, such as the Oyu Tolgoi copper and gold mine and Tavan Tolgoi coal mine. But negotiations in parliament over the projects have dragged on for years, which disappointed the public.
The global financial crisis has also taken its toll on Mongolia's economy. The country is suffering high inflation, lack of capital flow in financial sectors as well as recession in real estate since the beginning of this month.
Thus, the Mongolian people began to look for changes amid rising dissatisfactions.
Furthermore, right campaigning strategies have helped secure more votes for Elbegdorj in the race.
Elbegdorj's Democratic Party has won support from the other two parliamentary parties, the Green Party and the Citizen-Will Party.
During his election campaign, Elbegdorj pledged to make efforts to ensure the country's natural resources being used to improve the livelihood of the Mongolian people.
He also vowed to work hard to establish a just society, fight corruption and support the development of a pasturing area, which is the key to social progress.
In addition, a riot in the country following the 2008 parliamentary election also put incumbent President Nambaryn Enkhbayar, Elbegdorj's rival, in an unfavorable situation for the presidential election.