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Mongolia: Expanding the Capacity of the Nonbank Finance Sector to Support Financial Access

Sovereign (Public) Project | 51411-001 Status: Active

Project Details

Project Officer
Giannetto, Giacomo G. East Asia Department Request for information
  • Mongolia
  • Finance
Project Name Expanding the Capacity of the Nonbank Finance Sector to Support Financial Access
Project Number 51411-001
Country Mongolia
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9654-MON: Expanding the Capacity of the Nonbank Finance Sector to Support Financial Access
Technical Assistance Special Fund US$ 400,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Sector / Subsector

Finance / Finance sector development

Gender Equity and Mainstreaming Some gender elements
Project Rationale and Linkage to Country/Regional Strategy
Impact Economic growth through a stable, sustainable and balanced financial sector promoted.
Project Outcome
Description of Outcome Nonbank financial sector contribution to the financial system expanded
Progress Toward Outcome International consultants have been contracted and have begun work. The national consultant recruitment process will be completed bu June 2019.
Implementation Progress
Description of Project Outputs

SCC sector strengthened

Capacity of FRC to effectively oversee SCCs and other nonbank financial institutions increased

Status of Implementation Progress (Outputs, Activities, and Issues) An inception mission for both the SCC sector and the nonbank financial sector components of the TA has been held in March 2019. Work is beginning on TA outputs.
Geographical Location Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The Financial Regulatory Commission (FRC) had been consulted in detail on the scope, tasks and outputs of the TA during its planning.
During Project Implementation The FRC is the key counterpart and cooperation is good and ongoing.
Business Opportunities
Consulting Services ADB will engage international expert on credit unions and savings credit cooperatives, international expert on supervision of nonbank financial institutions and one national expert on expert savings and credit cooperatives and nonbank financial institutions
Procurement none
Responsible ADB Officer Giannetto, Giacomo G.
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Ministry of Finance (formerly Ministry of Finance and Economy)
S.Danzangiin Gudamj 5/1, Zasgiin Gazriin
II Bair, Ulaanbaatar 15160 Mongolia
Concept Clearance 30 Jul 2018
Fact Finding -
Approval 26 Nov 2018
Last Review Mission -
Last PDS Update 27 Mar 2019

TA 9654-MON

Approval Signing Date Effectivity Date Closing
Original Revised Actual
26 Nov 2018 19 Dec 2018 19 Dec 2018 31 Oct 2020 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 0.00 0.00 0.00 0.00 400,000.00 26 Nov 2018 30,380.14

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Tender Title Type Status Posting Date Deadline
National Savings and Credit Cooperatives and Nonbank Financial Institutions Expert Individual - Consulting Closed 28 Dec 2018 16 Jan 2019
International Credit Unions and Savings and Credit Cooperatives Specialist Individual - Consulting Closed 12 Dec 2018 04 Jan 2019
International Supervision of Nonbank Financial Institutions Individual - Consulting Closed 12 Dec 2018 04 Jan 2019

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.