МN
EN
JOINT WORKSHOP ON PUBLIC FINANCIAL MANAGEMENT REFORM STRATEGY 2018-2020 HELD AT THE MINISTRY OF FINANCE

10/22/2019

The joint workshop in the context of securing desired outcomes of Public Financial Management Reform Strategy 2018-2020 has been held on 21 October, 2019. This successful event was co-organized by the Ministry of Finance, Mongolia and the World Bank mission team. The aims of the workshop were to:

  • Inform the latest developments, build ownership and collaboration among the MOF staff on the PFM Reform Strategy and Action Plan, which guides the technical work and results to be achieved across units in the coming  years;
  • Discuss prioritization and sequencing of activities in the PFM action plan including challenges and opportunities for their successful implementation and the role of monitoring and evaluation;
  • Strengthen collaboration across the ministry departments to support the implementation of action plan, bridge the gaps and break silos;
  • Launch preparation of the SFFS Project Work Plan for 2020 and build alignment with the PFM strategy/Action Plan; 
Opening speech by Mr. Narantsogt Sanjaa, the MOF State Secretary, acknowledged his appreciation in the World Bank assistance in co-organizing the event.  Ms. Caroline Vaira, the WB-SFFSP mission team leader, and Ms. Badamchimeg Dondog, the WB-SGM Project team leader, also thanked the Ministry for developing a successful strategy and assured that the World Bank would back the strategy. 
A full room of participants attending the workshop cited that the objective of this workshop was achieved by bringing together the ministry staff and the World Bank mission team on securing the desired outcomes, exchanging knowledge & ideas and promoting inter-team collaboration.
The SFFS PIU would like to thank all participants for their interest and their meaningful contribution during the event.


PROJECT IMPLEMENTATION UNIT
SFFSP | SGM

NEWS
WORLD BANK WORKING GROUP MET WITH PIU AND IMPLEMENTING ORGANIZATIONS REGARDING THE COMPLETION REPORT OF THE STRENGTHENING GOVERNANCE IN MONGOLIA PROJECT

4/3/2023

Concerning the Strengthening Governance in Mongolia project, which was completed on February 28, 2023, the World Bank working group to develop the project completion report had an official meeting with Project Implementation Unit (PIU) and implementing organizations on March 30, 2023. The purpose of the working group meeting is to review the implementation of the project, the results achieved, and the fulfillment of the project indicators.

PERFORMANCE BASED FINANCING: INSPIRING NEW APPROACHES TO PUBLIC FINANCIAL MANAGEMENT IN HEALTH AND EDUCATION

3/23/2023

Performance based financing (PBF) links funds or payments to service providers to results achieved and gives them considerable autonomy in the use of these funds. The strategic approach is appealing to many individuals and organizations as it motivates them to perform better and channels resources directly to the frontlines. This in turn fosters greater accountability. Using this approach has been popular in different sectors with some promising results emerging. 
AN INTEGRATED SYSTEM FOR RESULTS-BASED MEDIUM-TERM BUDGET PLANNING: IN ACHIEVING THE GOALS OF IMPROVING BUDGET PLANNING, BUDGET EFFICIENCY AND PROGRAM OUTCOME.

3/7/2023

    Under the scope of improving public financial management, Mongolia is aiming to introduce result-oriented medium-term budgeting, transitioning from the traditional input-based budgeting. This goal is aligned with development policy of Mongolia to shift from medium-term fiscal framework (MTFF) to medium-term expenditure framework (MTEF).

The MOF is entering the new phase of PFM Reform Action Plan

2/28/2023

Within the framework of the European Union financed, World Bank managed “Strengthening Governance in Mongolia” project, the Ministry of Finance, in compliance with the “Sustainable Development Vision 2030” and the “Action Program of the Government of Mongolia for 2016-2020”, has approved and implemented the Public Financial Management (PFM) Reform Strategy and the Action Plan for 2018-2022. The overarching objective of the strategy was to improve governance and achieve effective resource allocation and efficient public service delivery. The implementation status of the PFM Action Plan is indicated as “Certain results have been achieved” at the rate of 85 percent.
LAUNCHED BETA VERSION OF THE REDEVELOPED GLASS ACCOUNT PORTAL

1/20/2023

The Ministry of Finance Mongolia has developed and successfully launched the new version of the Glass Account Portal in 2023 within the framework of the Strengthening Governance in Mongolia Project jointly implemented by the EU and the World bank.

New systems and services are added in the Intermediate service platform for fiscal and financial systems

1/11/2023

The Ministry of Finance Mongolia has developed and successfully launched the Intermediate Service Platform (ISP) in 2022 within the framework of the Strengthening Governance in Mongolia Project. The main purpose of the system is to provide a possibility of information /web services/ exchange between the independent systems of the Ministry of Finance and other organizations in a easy and flexible way. In addition, it is solving the issues of overlapping connections and development between many information systems and organizations, transferring them to a unified standard, making it has no complexity, and more secure.

Other news »