B.Bolormaa, Director General of the Accounting policy department of the Ministry of Finance

21st World Congress of Accountants was held in Mumbai, Republic of India on November 18-21, 2022. About 10,000 certified accountants from the more than 120 countries had participated at the congress. The congress provided opportunity to explore a range of themes including role of accounting profession in enabling sustainability; global trend in accounting, auditing, corporate governance, and taxation; global collaboration for inclusive growth; nurturing innovation, fintech and start-ups; growing importance of digital technologies; future ready profession; integrity, ethical leadership and trust; and strengthening public financial management. 

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A.Altangerel, Information Technology and Statistics Division, MLSP

The Ministry of Labour and Social Protection, funded by the World Bank’s Strengthening Fiscal and Financial Stability project, conducted professional English language training to empower officials in the social protection sector. I am very satisfied to be attended in this training.

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Ts.Erdenetuya, CPA, Senior specialist, Social Insurance General Office

It was my pleasure to represent the social insurance fund, which is one of the major representatives of the financial sector, in the workshop organized by the Accounting Policy Department of the Ministry of Finance to introduce a draft midterm roadmap toward implementation of accrual based IPSAS, a revised economic classification and unified chart of accounts for the public sector accounting and reporting.

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M.Tserennamid, Specialist, Public Administration and Management Department, Financial Information Technology Division

Under the consulting services of the project Strengthening Fiscal and Financial Stability, The Ministry of Finance has introduced the Office 365 system and has transferred its internal workflow, official document processing and controlling to an online environment. The system was developed using technologies such as SharePoint, Power Automate, and PowerApps. The knowledge and experience on these technologies are required to ensure the maintenance, and further development of the system.

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G. Munkhtuvhsin, Referent, Securities Market Department, FRC

To keep capital market regulatory framework in pace with the market development and align with the international standards and ensure that markets are fair, efficient and transparent have  positive effects on increasing the interest of investors to invest and trading volume in the securities market. 

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E.Enkhchimeg, Specialist, Public Administration and Management Department, Financial Information Technology Division:

Exchange of official letters, processing and resolving of official letters is one of the most important and daily activities in any government organization. The Ministry of Finance receives an average of 700-1000 official letters per week from other organizations and citizens, and the Ministry of Finance processes and sends around the same number of official letters.

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N.Narantsatsralt , Officer of Мacro economic policy department

In order to achieve the goals in the long-term development policy "Vision 2050", Mongolia’s immediate priority is to stabilize the macroeconomy and to eliminate the fundamental constraints of development. In these circumstances, midterm developmental policy the New Revival Policy has approved and it includes overall 94 projects for improvement of border ports, energy supply, industrialization and governance, green development, and local development.

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M. Munkhjavkhlan, Referent, Information Technology Division

Throughout the world, services in all sectors are being digitalised; and processes, software, and information systems developed by artificial intelligence. More particularly, blockchain big data, and cloud technology to leading technological progress and innovative solutions in the financial sector. Currently, the Financial Regulatory Commission is using the following systems: 

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M.Myanganbuu, Deputy Head of the General Department, Labor and Welfare Services General Office

The Ministry of Labor and Social Protection is introducing web-based internal monitoring and customer satisfaction survey system for labor, welfare, and social insurance services as part of the "Strengthening Fiscal and Financial Stability Project" implemented in collaboration with the World Bank Furthermore, training on installing and using the satisfaction evaluation system was organized in classrooms and online for relevant Labor and Welfare Sector staff, and a manual for service workers was prepared. This work is thought to be innovative in terms of assessing citizen satisfaction with the sector, improving the service, and thus improving work performance and internal control. We are also grateful because it lays the groundwork for the future implementation of administrative management quality standards.

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Oyunbileg.D, Specialist, Public Administration and Management Department, Financial Information Technology Division:

In recent years, improving the coherence between different information systems, ensuring the data integration, and automating data exchange have become the most significant concerns.

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Strengthening Fiscal and Financial Stability Project, Room 205 United Nations Street 8/2 4th khoroo Chingeltei district Ulaanbaatar-15160 Mongolia
+976-70120582
training@sffs.mn