Mongolia formed a new government, led by Prime Minister Khurelsukh Ukhnaa, on Thursday after two days of Parliamentary discussions.

The new cabinet is expected to tackle challenges of reducing poverty, revamping the economy, developing the country's mining sector and attracting foreign investments.

The country faces massive external and internal debts, amounting to over 73 percent of the gross domestic product (GDP) of the landlocked east Asian country.

The Parliament confirmed Ukhnaa's appointment on Oct. 4. It dismissed in early September the former government led by Jargaltulga Erdenebat, who was allegedly violating Parliamentary procedures by granting contracts to companies linked to three cabinet members.

On the cabinet list, Enkhtuvshin Ulzisaikhan is appointed as deputy prime minister, Zandanshatar Gombojav as head of the cabinet secretariat, Enkhbold Nyamaa as defense minister, Tsogtbaatar Damdin as foreign minister, Khurelbaatar Chimed as finance minister, Sumiyabazar Dolgorsuren as mining and heavy industry minister, Batzorig Batjargal as food, agriculture and light industry minister, Nyamdorj Tsend as justice and home affairs minister, and Davaasuren Tserenpil as energy minister.  

(Top image: File photo)