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

2022.03.14

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.

The discussion aimed to exchange information on the current progress of project disbursement, procurement, training, public relations, contract management, reporting, and further issues to be considered to keep the pace of the projects and ensure its performance indicator fulfillment. The PIU started the event with an update by providing presentations about the project status and then asked for participants` feedback to increase their engagement and contribution. 

                 

                 

                 

The main contents of the meeting were: 

  1. Review of the project progress: how much work is completed, emphasized project milestones;
  2. Disbursement status: how much has been spent compared to the annual action plan;
  3. Potential issues: the participants were invited to raise problems, questions, and concerns to be managed. The Coordinating consultants highlighted the impact of the COVID-19 pandemic on the training activities. The best practice of hybrid training modality of online and classroom training was presented by Coordinating consultants from 1 and 2 components of the project; 
  4. Two-way communication channels: the PIU presented four communication opportunities as (i) beneficiary testimonials, (ii) grievance redress mechanism, (iii) result articles, (iii) satisfaction survey, regular feedback questionnaire after capacity building activities to the implementing agencies, and asked for their cooperation. 

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

2023.04.03

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

2023.03.23

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.

2023.03.07

    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

2023.02.28

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

2023.01.20

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

2023.01.11

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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