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Politics

Mongolia to revise new law after IMF postpones bailout

Plan to force foreign companies to bank locally was met with objections

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The Oyu Tolgoi mine in Mongolia's South Gobi region   © Reuters

ULAANBAATAR -- Following last Friday's postponement of a much-needed bailout from the International Monetary Fund, the Mongolian government on Tuesday moved to assure the fund that it was ready to make adjustments to a controversial new regulation.

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