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ORGANIZED A TRAINING AND DISCUSSION EVENT

9/22/2020

On September 21, 2020, the Project Implementing Unit organized a training event and discussion to introduce the implementation proсess of the Work Plan for 2020, approved by the Project Steering Committee, and the recommendations and tasks given by the World Bank and the Ministry of Finance. The event was attended by coordinating consultants, members of the working group, and staff of the Project implementing unit.

The following issues were discussed during the event. Hereto:

  • Implementation, disbursement, financing, and issues to be taken account for each project component as of the third quarter of 2020;
  • The need for changes to the training plan, the implementation process, suggestions and requests from implementing agencies;
  • Recommendations from the World Bank on the implementing agencies’ request to amend the approved Work plan for 2020;
  • Guidelines and recommendations provided by the Ministry of Finance to implementing agencies (Government Resolution No.89 of 2017, Decree No.242 of 2010 of the Minister of Finance).

The Coordinating consultants agreed to present the tasks and recommendations of the World Bank and the Ministry of Finance to the management of the implementing agencies, and to make appropriate changes to the work plan in accordance with the recommendations and submit them to the Project Implementing Unit.

The revision of the Work Plan for 2020 by the Project Steering Committee is to be arranged by the Project implementing unit by October, reflecting the recommendations of the World Bank and the Ministry of Finance.

 

PROJECT IMPLEMENTING UNIT

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.

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