THE WORLD BANK IMPLEMENTATION SUPPORT MISSION WAS UNDERTAKEN

2021.07.02

The World Bank's implementation support mission of the Strengthening Fiscal and Financial Stability project and Strengthening Governance in Mongolia project was carried out on June 28 - July 2. The mission's primary objectives were to review the project implementation status, conduct discussions on actions to be implemented in the upcoming year, and provide implementation support and technical advice. 

The following steps were carried out per the mission plan: 

  1. Review of reports and information received from the implementing agencies in accordance with the requested templates;
  2. Virtual and face-to-face technical meetings among the mission team, the Project Implementing Unit, coordinating consultants, working group members, and the implementing agencies;
  3. Briefing on the implementation progress of intermediate indicators, activities to be further implemented, advice, work plan preparation of the upcoming year to all stakeholders, based on the results of the meetings;  
  4. Presentation of the report of THE implementation support mission to the relevant stakeholders from the Ministry of Finance and the World Bank.

The World Bank working group expressed their gratitude to the management of the implementing agencies, the members of the working group, the coordinating consultants, and the staff of the Project Implementing Unit for the successful organization of the meetings, dissemination of necessary information, and successful implementation of the project. Furthermore, it is highlighted that the project can be successfully completed. 

Following the presentation of the key findings and proposed next steps to the Ministry of Finance and the World Bank management, all stakeholders agreed to closely collaborate to ensure the successful completion of the project by promptly initiating the necessary steps.

The World Bank's virtual meetings and discussions were a useful event that provided practical information and guidelines for further work.

PROJECT IMPLEMENTING UNIT

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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