NEWS
THE REDEVELOPMENT OF THE GLASS ACCOUNT PORTAL IS UNDERWAY

3/30/2022

One of the main objectives of the Strengthening Fiscal and Financial Stability project and the Strengthening Governance in Mongolia project, jointly implemented by the Ministry of Finance of Mongolia, the European Union, and the World Bank, is to support the effective implementation of the Glass Account Law by improving the legal environment and revamping the Glass account portal.

SALARY TRANSACTIONS MADE VIA ELECTRONIC TRANSFER MEANS

3/23/2022

Under the objective of the Ministry of Finance to digitalize the Treasury transactions, the budget entities started to verify and make the salary transactions through the Integrated Payroll System (IPS).

THE NEW REVIVAL POLICY TO ENCOURAGE BIDDERS’ PARTICIPATION IN PUBLIC PROCUREMENT

3/16/2022

As part of the implementation of the Parliament Resolution No. 106 of 2021, whereby the “New Revival Policy” was adopted to intensify economic recovery amid the pandemic, the Public Procurement Law of Mongolia will be amended to minimize economic operators’ costs in participating in bidding procedures, to give additional preference to goods and products of small and medium enterprises, and to ensure effectiveness and clarity of the contract award, execution, and implementation procedures. 

THE PIU CONDUCTED THE FIRST QUARTERLY DISCUSSION ON THE PROJECT IMPLEMENTATION PROGRESS

3/14/2022

Project Implementing Unit of the Strengthening Fiscal and Financial Stability Project and the Strengthening Governance in Mongolia Project held a quarterly meeting with coordinating consultants and working group members from the implementing agencies on 11 March 2022.

“BUDGET YOUR FUTURE” CAMPAIGN PROMOTING THE EFFORT TO PROVIDE CITIZENS WITH FISCAL INFORMATION

3/9/2022

With the support of the European Union and the World Bank, the Ministry of Finance of Mongolia, in cooperation with Unread Media, is launching the “Budget Your Future” campaign. The purpose of this campaign is to support the Government's effort to strengthen fiscal transparency and accountability in Mongolia. The campaign will provide the public with a variety of content and events, a simple understanding of the budget as well as information on how to participate during the budget cycle - budget proposal, approval, and execution. 

THE WORLD BANK CONTINUES TO PROVIDE TECHNICAL ASSISTANCE TO STRENGTHEN FISCAL AND FINANCIAL STABILITY AND IMPROVE THE QUALITY OF PUBLIC EXPENDITURE MANAGEMENT

3/2/2022

Ministry of Finance and the World Bank have been jointly implementing the SFFS project since 2017 to contribute to the Government of Mongolia`s strategy and reforms to strengthen fiscal and financial stability. The project supports and introduces international practices and technological advancements, research-based policymaking tools, and capacity-building programs by providing essential technical assistance to macro-fiscal management, public financial management, and social protection sectors.   

THE MINISTRY OF FINANCE LAUNCHED A LEARNING MANAGEMENT SYSTEM

2/23/2022

The Strengthening Fiscal and Financial Stability Project implemented by the Ministry of Finance of Mongolia in cooperation with the World Bank initiatives to digitalize Treasury payments and bring them to a new development stage. As part of this work, the Treasury Department of the Ministry of Finance has developed and launched a Learning management system.

DISCUSSION ON THE RESULT OF PILOT INDEPENDENT ASSESSMENT OF PROFESSIONAL KNOWLEDGE AND SKILLS OF STUDENTS MAJORING IN ACCOUNTING AND PUBLIC SECTOR ACCOUNTANTS

12/15/2021

One of the objectives of the “Strengthening Fiscal and Financial Stability Project” jointly implemented by the Ministry of Finance of Mongolia and the World Bank is to provide support for strengthening the capacity of public sector accounting professionals. 


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