Mongolia: Public Finance Resource Management

Sovereign (Public) Project | 47199-001 Status: Closed

Project Details

Project Officer
Lee, Seung Min East Asia Department Request for information
  • Mongolia
  • Public sector management
Project Name Public Finance Resource Management
Project Number 47199-001
Country Mongolia
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8579-MON: Public Finance Resource Management
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Public sector management - Public expenditure and fiscal management

Gender Equity and Mainstreaming
Project Rationale and Linkage to Country/Regional Strategy
Impact Sustained economic development
Project Outcome
Description of Outcome Improved public finance resource management
Progress Toward Outcome Implementation of activities almost completed.
Implementation Progress
Description of Project Outputs

1. Public Debt Management Component

Contingent liability management framework

DSA tool for Mongolia

Medium term debt management strategy

Capacity development for debt management division

2. Cash Management System Component

Review and development of legal and regulatory framework for the government cash management system

Government cash flow forecasting model

Training modules and capacity development for cash flow forecasting model

Medium term government cash management strategy

3. MSWF Component

Policy recommendations and a road map to support the establishment of MSWF management institution.

Capacity development for Sovereign Wealth Fund Division in formulating and adopting the legal and institutional framework for MSWF

Support for developing public relations and information strategy to increase public awareness on MSWF

Status of Implementation Progress (Outputs, Activities, and Issues)

All international consultants have been mobilized. Inception reports for Cash Management Component, MSWF Component, and Public Debt Management Component have been submitted and approved.

All planned study tour, external and internal training activities have been successfully conducted.

Draft final reports and policy notes have been submitted to EA and ADB and are currently under review process. The final workshop is planned to take place during September 2016.

Geographical Location
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 individual consultants three international (10 person-months in total, Public Sector Debt Management Specialist, Public Sector Financial Management Specialist, and Sovereign Wealth Fund Management Specialist) and three national consultants (20 person-months in total, Public Sector Debt Management Expert, Public Finance Information Technology (IT) Expert, and Sovereign Wealth Fund Expert) will be individually selected and engaged by the Asian Development Bank (ADB) in accordance with the Guidelines on the Use of Consultants (2013, as amended from time to time).
Procurement Purchase of equipment will be done in accordance with ADB's Procurement Guidelines (2013 as amended from time to time).
Responsible ADB Officer Lee, Seung Min
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 12 Nov 2013
Fact Finding 23 Oct 2013 to 24 Oct 2013
Approval 13 Dec 2013
Last Review Mission -
Last PDS Update 21 Sep 2016

TA 8579-MON

Approval Signing Date Effectivity Date Closing
Original Revised Actual
13 Dec 2013 27 Jan 2014 27 Jan 2014 30 Jun 2016 30 Sep 2016 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
500,000.00 0.00 50,000.00 0.00 0.00 0.00 550,000.00 13 Dec 2013 416,218.51

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

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Title Document Type Document Date
Public Finance Resource Management Technical Assistance Reports Dec 2013

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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