IN BRIEF (Page 4)

Mongolia

Parliament names new prime minister

Mongolia's parliament confirmed the nomination of Ukhnaa Khurelsukh as prime minister on Wednesday, putting the country back on track to receive funds from a $5.5 billion IMF economic rescue package. Khurelsukh, from the ruling Mongolian People's Party, received unanimous approval from the lawmakers in attendance for his confirmation as Mongolia's prime minister. He will face challenges in bringing back foreign investment to the nation and manage its heavy debt load.