PM May's Conservatives won 318 seats, a sharp drop from the pre-election total of 330. The party needed to secure 326 for a majority. 
 The opposition Labour Party won 262. 
The Scottish National Party secured 35 seats and the Liberal Democrats took 12.

The Keighley seat was gained for Labour by John Grogan (Chairman of Mongolian-British Chamber of Commerce) who had a majority of just 249 over the Conservative, Kristan Hopkins.

The MBCC is a not-for-profit membership organisation established in 2009 to foster strong business links between Mongolia and the UK. Chaired by Mr John Grogan, it aims to provide a professional and social environment for business people who wish to be introduced to, and become part of, the British-Mongolian business culture and community.

John was awarded the Order of the Polar Star, Mongolia's highest national honor for foreign nationals according to his great effort for the mission.

Following the Prime Minister’s proposal to Parliament Speaker M.Enkhbold, Mongolian People’s Party group in Parliament met and supported the proposal on the same day, June 8.

Parliament thus voted up the appointment of the new Education Minister to succeed J.Batsuuri who was dismissed last week in the aftermath of national examination material leaks.

Members of Parliament entrusted the newly appointed Minister to pay special attention to education policy issues, initiate the mission to relocate universities and colleges outside of the capital city, improve the quality of primary and secondary education and develop educational infrastructure.

The newly appointed Education Minister studied philosophy and social science at the National University of Mongolia, and he has worked in a number of academic and research institutes.

Prior to his appointment, G.Chuluunbaatar has been serving as Director of Institute of Philosophy of Mongolian Academy of Sciences since 2013. He worked as President of Mongolian Academy of Governance in 2008-2013. He was Chief Advisor to Parliament Speaker from 2000 to 2008.
Kh.Aminaa

In Mongolia, while 64 percent of SMEs are women-owned, the majority are underserved or unserved by financial institutions. Through cooperation with XacBank, this commitment seeks to provide the financing needed by women-owned SMEs in the country and offer better financial and business advisory services to women entrepreneurs.

“Women entrepreneurs are critical to economic growth and development in Mongolia. During a time when the majority of women-owned SMEs in Mongolia are underserved or unserved by financial institutions, OPIC is proud to partner with IFC and Xacbank to help these female entrepreneurs gain access to finance and new opportunities,” said Acting OPIC President and CEO Dev Jagadesan.

Marcos Brujis, IFC Director of Financial Institutions Group said, “Strong economic growth cannot be attained without gender equality and the empowerment of one-half of the world’s population. IFC’s Banking on Women program, and partnerships like this with OPIC and XacBank, have a critical role to play in unlocking and financing the vast untapped potential of female entrepreneurs.”

"SMEs constitute a vital part of the economic foundation of Mongolia. XacBank has been a front runner in providing financial solutions to small businesses and entrepreneurs. Together with OPIC and IFC, XacBank is opening new opportunities for SMEs and providing competitive financing opportunities," said Xacbank’s President Amartuvshin Hanibal.

The commitment is part of OPIC’s target goal of providing $100 million in loans to women owned SMEs as part of the Women Entrepreneurs Opportunity Facility (WEOF) by March 2022. WEOF is a Goldman Sachs Foundation and IFC partnership to increase access to capital for women entrepreneurs in emerging markets.

Launched in late 2010, IFC’s Banking on Women business invests in and provides advisory services to financial institutions to scale up and improve financial and non-financial services for women and women-led SMEs globally. Through Banking on Women, IFC has US $1.36 billion in cumulative investment commitments in 43 projects in 24 countries dedicated to financing women SME customers, and has led 33 advisory services projects with financial institutions in 23 countries to scale up financial and non-financial services to women customers.