| Financier | Commitments |
|---|---|
| Miscellaneous 1 | 2.83 |
Strengthening Governance in Mongolia
Abstract*
In order to support the ongoing efforts of the government to achieve fiscal stability, enhance Public Financial Management (PFM) and strengthen transparency and citizen engagement, the World Bank established an EU-funded hybrid TF073029. This new TF will complement the on-going activities under the “Strengthening Fiscal and Financial Stability Project” (SFFS) (P161048) and provide additional support to the government’s PFM reform efforts.
This new... Show More
Development Objective
The Project Development Objective is to support the Government’s efforts to improve fiscal discipline, public financial management (PFM), and transparency and accountability processes for strengthened governance of public resource management in Mongolia.
Key Details
Project Details
P168248
Closed
Badamchimeg Dondog
Mongolia
January 30, 2019
(as of board presentation)
April 26, 2019
April 30, 2019
US$ 2.83 million
Ministry of Finance of Mongolia
2019
US$ 2.83 million
N/A
August 21, 2023
February 28, 2023
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 2.83 |
| Total Project Cost** | 2.83 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
Detailed Financial Activity as of February 28, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
A comprehensive PFM strategy adopted and under implementation to support the achievement of fiscal discipline and strategic budget planning and execution as set forth in the FSL and the IBL. Value No Yes Yes Date January 31, 2019 December 31, 2021 February 28, 2023 Comment Fiscal Council fully operational and producing independent fiscal reports towards increased transparency and accuracy of governmentmacroeconomic and fiscal policy formulation. Value No Yes Yes Date January 31, 2019 February 28, 2023 February 28, 2023 Comment Improved budget transparency by making available to the public key budget documents in accessible and user-friendly formats, as measured by the Open Budget Index (OBI). Value 46.00 61.00 60.00 Date January 31, 2019 February 28, 2023 February 28, 2023 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Fiscal Council has developed and adopted its operational procedures. Value No Yes Yes Date January 31, 2019 December 31, 2022 February 28, 2023 Comment Develop core documents and guidelines to support Future Heritage Fund’s transition into the operational stage Value No Yes Yes Date January 31, 2019 December 31, 2022 February 28, 2023 Comment Improved monitoring of contingent liabilities by consolidating balance sheets of SOEs and improving the fiscal sensitivity analysis. Value No Yes Yes Date January 31, 2019 December 31, 2021 February 28, 2023 Comment Better planning of capital investments by adopting a new PIM guideline that includes the Government of Mongolia´s investment strategies fully costed (capital, recurrent operational and maintenance). Value No Yes Yes Date January 31, 2019 December 31, 2020 February 28, 2023 Comment A new PFM plan has been adopted by fiscal year 2020. Value No Yes Yes Date March 1, 2019 December 31, 2020 February 28, 2023 Comment The Glass Account Portal publishes at least annual data on programs as defined by the new program classification. Value No Yes Yes Date March 1, 2019 December 31, 2022 February 28, 2023 Comment