VIRTUAL MEETING WAS HELD AT THE REQUEST OF THE WORLD BANK

2021-04-06

An online meeting was held on April 6, 2021 at the request of the World Bank to intensify the implementation of the Development Bank of Mongolia (DBM) and the Deposit Insurance Corporation of Mongolia (DICOM), which are implementing the objectives of Strengthening Financial Sector Stability component of the Strengthening Fiscal and Financial Stability Project. 

Ms. Carolina Vaira, Task Team Leader of the World Bank, Ms. D. Badamchimeg, Ms. Ulle Lohmus, Component Lead, relevant officials of the Financial Policy Department of the Ministry of Finance, the DBM , the DICOM and the staff of the Project Implementing Unit participated in the online meeting, and made presentations, answered questions, provided comments, and suggestions for further actions. 

The online meeting was held according to the following program: Challenges facing to advance the implementation, introduced the actions undertook, activities required to meet intermediate result indicators, opportunities, and further actions to take place. 

The meeting highlighted the importance of intensifying the implementation of those sub-components, speeding up the process of obtaining approval from the Project Director by introducing the terms of references of the consulting services as approved in the work plan, and ensuring that the sub-components meet the project's intermediate result indicators jointly approved by the World Bank and the Recipient. The Financial Policy Department of the Ministry of Finance and the implementing agency agreed to take specific initiatives and cooperate in this area.