Mongolia : Strengthening Fiscal, Financial, and Economic Resilience Subprogram 1
Mongolia's current growth trajectory is a critical period to implement and accelerate structural reforms. More specifically, these reforms should address challenges related to strengthening public financial management, the finance sector, and the role of the private sector in the quest for economic diversification.
Project Details
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Project Officer
Van Rijn, Johannes Jacobus Frederik
Sectors Group
Request for information -
Country/Economy
Mongolia -
Sector
- Public sector management
| Project Name | Strengthening Fiscal, Financial, and Economic Resilience Subprogram 1 | ||||
| Project Number | 55209-003 | ||||
| Country / Economy | Mongolia |
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| Project Status | Proposed | ||||
| Project Type / Modality of Assistance | Loan |
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| Source of Funding / Amount |
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| Operational Priorities | OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality OP6: Strengthening governance and institutional capacity OP7: Fostering regional cooperation and integration |
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| Sector / Subsector |
Finance / Finance sector development Public sector management / Public expenditure and fiscal management |
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| Gender | Effective gender mainstreaming | ||||
| Description | Mongolia's current growth trajectory is a critical period to implement and accelerate structural reforms. More specifically, these reforms should address challenges related to strengthening public financial management, the finance sector, and the role of the private sector in the quest for economic diversification. The proposed program comprises a set of complementary medium-term structural reforms, focused on strengthening the country's fiscal, finance sector, and economic resilience against the impact of exogenous shocks. More specifically, the program supports medium-term reforms focused on (i) improving domestic resource mobilization, by leveraging a critical set of tax administration and tax policy reforms; (ii) boosting debt sustainability through improving debt management and the management of sovereign liability risks; (iii) improving finance sector stability and resilience through strengthened banking sector supervision and regulation, enhancing NPL resolution, and promoting financial consumer protection; and (iv) strengthening the upstream environment for private sector development through relevant legal reforms, support for public private partnerships; and reforms focused on turning the Development Bank of Mongolia into an institution with a viable value proposition and operating model. In response to a suggestion made during the Informal Board Seminar, a third subprogram will be added to the programmatic approach. |
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| Project Rationale and Linkage to Country/Regional Strategy | |||||
| Impact | |||||
| Outcome | |||||
| Outputs | |||||
| Geographical Location | Nation-wide | ||||
| Safeguard Categories | |
|---|---|
| Environment | C |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Responsible ADB Officer | Van Rijn, Johannes Jacobus Frederik |
| Responsible ADB Department | Sectors Group |
| Responsible ADB Division | Public Sector Management and Governance Sector Office (SG-PSMG) |
| Executing Agencies |
Ministry of Finance (formerly Ministry of Finance and Economy) |
| Timetable | |
|---|---|
| Concept Clearance | 23 May 2022 |
| Fact Finding | 23 May 2022 to 30 May 2022 |
| MRM | 02 Aug 2023 |
| Approval | - |
| Last Review Mission | - |
| Last PDS Update | 08 Aug 2022 |
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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| Title | Document Type | Document Date |
|---|---|---|
| Strengthening Economic, Fiscal and Financial Resilience Subprogram 1: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | May 2022 |
| Strengthening Economic, Fiscal and Financial Resilience Subprogram 1: Concept Paper | Concept Papers | May 2022 |
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
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Related Publications
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