[BREAKING: It's official, Elbegdorj wins reelection with 50.23%, Bat-Erdene 41.97%, Udval 6.5%]

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Mongolian President Wins Re-Election in Preliminary Tally

By Michael Kohn

June 27 (Bloomberg) - Mongolian President Tsakhia Elbegdorj defeated a wrestling champion and a pediatrician to win re-election without the need for a run-off vote.

Democratic Party candidate Elbegdorj won 50.23 percent of the vote with all counting completed, Choinzon Sodnomtseren, head of the General Election Commission, said at a briefing in the Mongolian capital of Ulaanbaatar today. Former wrestling champion Badmaanyambuu Bat-Erdene took 41.97 percent and Health Minister and former doctor Natsag Udval was third with 6.5 percent. The results will be made final within five days.

Elbegdorj’s victory would ensure that the Democratic Party holds all major political posts until Parliamentary elections in 2016. The president, prime minister, parliamentary speaker and Ulaanbaatar mayor are members of the party, which also has a majority in the legislature. The lack of an opposition may relieve bottlenecks in passing legislation needed to keep the economy growing.

“The parliament of Mongolia, the government of Mongolia and the president of Mongolia will work as one team in the remaining period,” Prime Minister Norov Altankhuyag said at a briefing late yesterday. “We work to improve the lives of all Mongolians and eradicate corruption.”

Gross domestic product growth reached 17.5 percent in 2011 -- the fastest rate in the world -- before slipping to an estimated 12.3 percent last year, according to data from the International Monetary Fund.

Cabinet Secretary Chimed Saikhanbileg said yesterday that Elbegdorj was planning to deliver a victory speech at 11:40 a.m. today in Ulaanbaatar’s main square.

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