STRENGTHENING THE ANTI-MONEY LAUNDERING/COMBATING THE FINANCING OF TERRORISM (AML/CFT) FRAMEWORK
1/6/2021
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TRAINING RESULTS IN FISCAL, FINANCE AND SOCIAL PROTECTION SECTORS
1/5/2021
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MEDIUM TERM DEBT MANAGEMENT STRATEGY (MTDS) 2019-2022 HAS BEEN APPROVED BY THE PARLIAMENT
12/22/2020
One of the major objectives of the World Bank-funded Strengthening Fiscal and Financial Stability Project is to support the Ministry of Finance of Mongolia in learning from international experience in government debt management, policy development, and strategy planning. |
CONSISTENCY AND RELIABILITY OF CREDIT INFORMATION DATABASE OPERATIONS ARE ENSURED
12/11/2020
The Credit Information Unit (CIU) of the Bank of Mongolia (BOM) has been continuously striving to maintain consistent and secure operations of the credit information database. In this regard, the CIU has undertaken a number of activities including upgrading the database hardware under the Strengthening Fiscal and Financial Stability Project (SFFSP) financed by the World Bank and improving regulatory environment of the credit information system of Mongolia. |
THE FRC'S INSTITUTIONAL CAPACITY ENHANCED
12/7/2020
The Financial Regulatory Commission (FRC) is a partner agency of the World Bank-funded Strengthening Fiscal and Financial Stability Project (SFFSP). The Commission is a beneficiary of the project's C4 sub-component: Strengthening Institutional Capacity of the FRC. |
COMPREHENSIVE SOCIAL INSURANCE SERVICES ARE AVAILABLE AT ONE-STOP SERVICE & CONSULTATION INFORMATION CENTERS
12/1/2020
To provide complete social insurance service, the "One-stop service & consultation information center" was established in Bayanzurkh district in 2019, in Zavkhan province in 2020, with the financial support of the SFFS project, the World bank. Fully equipped centers started to serve the insured in a comfortable environment. |
REVAMPING PUBLIC SECTOR INTERNAL AUDIT METHODOLOGY IN LINE WITH INTERNATIONAL STANDARDS
11/27/2020
The Ministry of Finance of Mongolia set two main objectives including (i) development of public sector internal audit and risk management policy documents in line with international standards, methodological guidelines, (ii) capacity building program, under the Strengthening Fiscal and Financial Stability Project in cooperation with the World Bank to enhance financial control, internal audit, and risk management functions. |
PROJECT STEERING COMMITTEE APPROVED THE REVISED WORK PLAN FOR 2020
11/5/2020
The Project Steering Committee approved the revised work plan for 2020 based on the review of the first nine months’ implementation of the World Bank’s “Strengthening Fiscal and Financial Stability Project” and the European Union’s “Strengthening Governance in Mongolia Project” reflecting the recommendations from the World bank. |
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