52151-001: Support for the Establishment of a Supplementary Pension System | Asian Development Bank

Mongolia: Support for the Establishment of a Supplementary Pension System

Sovereign (Public) Project | 52151-001 Status: Active

Project Details

Project Officer
Van Rijn, Johannes Jacobus Frederik East Asia Department Request for information
Country
  • Mongolia
Sector
  • Public sector management
 
Project Name Support for the Establishment of a Supplementary Pension System
Project Number 52151-001
Country Mongolia
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9551-MON: Support for the Establishment of a Supplementary Pension System
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Partnerships
Sector / Subsector

Public sector management / Public administration - Social protection initiatives

Gender Equity and Mainstreaming Some gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact More inclusive and sustainable development process promoted
Project Outcome
Description of Outcome Legal, regulatory and institutional arrangements for an improved pension system strengthened in Mongolia
Progress Toward Outcome The TA is on its early stage of implementation.
Implementation Progress
Description of Project Outputs

Legal and regulatory framework for the establishment of a private pension scheme developed

Institutional arrangements for systems operation and asset management developed

Awareness about new pensions arrangements among government officials, private sector stakeholders, and the public enhanced

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

A back to back mission was fielded from 10-14 September 2018 and briefed the executing agency on the status of the technical assistance support:

" TA paper was approved on 31 July;

" MoU was signed by Ministry of Finance, Financial Regulatory Commission and Ministry of Labour and Social Protection (24 August);

" No objection from the Mongolian authorities obtained (24 August);

" All international and national consultancy positions have been advertised;

" Shortlisting will be done by team-leader and Private Sector Development Specialist, MNRM;

" Mission confirmed that a no-objection from the EA for the shortlisted candidates will be obtained;

" Inception Workshop tentatively scheduled for week 2, November 2018 (depending on the pace of consultant's recruitment);

" EA expressed their appreciation for the speed of processing and the communication with the ADB, agreed with the idea of an Inception Workshop and confirmed their availability.

Geographical Location Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design Regular discussion with the executing and implementing agencies.
During Project Implementation Regular discussion with the executing and implementing agencies.
Business Opportunities
Consulting Services The TA will engage international and national consultants following ABD Procurement Policy (2017, as amended from time to time.
Procurement no procurement of goods
Responsible ADB Officer Van Rijn, Johannes Jacobus Frederik
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
Timetable
Concept Clearance 23 May 2018
Fact Finding 28 May 2018 to 31 May 2018
MRM -
Approval 30 Jul 2018
Last Review Mission -
Last PDS Update 24 Sep 2018

TA 9551-MON

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
30 Jul 2018 23 Aug 2018 23 Aug 2018 28 Feb 2021 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
500,000.00 0.00 0.00 0.00 0.00 0.00 500,000.00 30 Jul 2018 0.00

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.

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Safeguard Documents See also: Safeguards

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

Tender Title Type Status Posting Date Deadline
National Tax Lawyer Individual - Consulting Closed 25 Sep 2018 01 Oct 2018
International Communication Specialist Individual - Consulting Closed 15 Sep 2018 18 Sep 2018
National Accountant and/or Management Consultant Individual - Consulting Closed 15 Sep 2018 21 Sep 2018
International Actuarial Specialist Individual - Consulting Closed 15 Sep 2018 18 Sep 2018
National Communication Specialist Individual - Consulting Closed 12 Sep 2018 21 Sep 2018
National Econometrist Individual - Consulting Closed 05 Sep 2018 21 Sep 2018
International Pension Law Specialist Individual - Consulting Closed 05 Sep 2018 18 Sep 2018
International Pension Policy Specialist Individual - Consulting Closed 05 Sep 2018 18 Sep 2018

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.