Mongolia: Preparing the Third Financial Sector Program

Sovereign (Public) Project | 34135-012 Status: Archived

Project Details

Project Officer
Shrestha, Sona East Asia Department Request for information
  • Mongolia
  • Technical Assistance
  • Finance
Project Name Preparing the Third Financial Sector Program
Project Number 34135-012
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 4236-: Preparing the Third Financial Sector Program
Japan Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Finance sector development

Gender Equity and Mainstreaming No gender elements
Description The TA will promote the sound and orderly development of the non bank financial sector. Outputs will include: (i) governance, regulatory and supervisory standards for NBFIs in line with international standards, and further development of capital markets (ii) improved efficiency of the regulatory framework and quality of NBFI supervision through the harmonization of regulatory and supervisory practices, possibly in the form of the NBFSA and (iii) long term road map for the development of non bank financial services sector.
Project Rationale and Linkage to Country/Regional Strategy
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Safeguard Categories
Environment C
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services The TA will require 12 person months of international consulting inputs and 12 person months of domestic consulting services, based on quality and cost based recruitment procedures and the simplified technical proposals. The skills required and length of service for international consultants include: (i) Financial Services Regulatory and Policy Expert Team Leader (5 person months) (ii) Regulatory Expert on Private Pension Plans (2 person months) (iii) Legal and Enforcement Expert (3 person months) and (iv) IT MIS Expert Regulatory Systems (2 person months. Four domestic consultants will be recruited under the program one each in the areas of non bank financial services and policy, pension system, financial laws and enforcement, and IT MIS who will help the international consultants by preparing necessary background information, translating relevant documents into English, assisting in drafting laws and regulations as necessary, and assisting in the preparation and conduct of training and workshops.
Procurement None
Responsible ADB Officer Shrestha, Sona
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Ministry of Finance
Government Building-2
Negdsen Undestnii gudamj-5/1
Ulaanbaatar-210646, Mongolia
Concept Clearance 10 Mar 2003
Fact Finding 05 Feb 2003 to 21 Feb 2003
Approval 03 Dec 2003
Last Review Mission -
Last PDS Update 03 Aug 2006

TA 4236-

Approval Signing Date Effectivity Date Closing
Original Revised Actual
03 Dec 2003 06 Jan 2004 06 Jan 2004 30 Sep 2004 30 Sep 2005 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
500,000.00 0.00 89,000.00 0.00 0.00 0.00 589,000.00 03 Dec 2003 375,452.58

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Procurement Plan

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