Strengthening Fiscal and Financial Stability Project (WB-P161048)

  • Mongolia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 9, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Government of Mongolia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 12.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 12.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 12, 2017

Disclosed by Bank Feb 8, 2017

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The development objective of Strengthening Fiscal and Financial Stability Project for Mongolia is to contribute to the government of Mongolia’s efforts to strengthen fiscal and financial stability and improve the quality of expenditure management. This project has five components. 1) The first component, Strengthening Macroeconomic and Fiscal Management, aims to strengthen fiscal responsibility and support the implementation of relevant policy measures toward (a) improving the quality of expenditure management, (b) strengthening macroeconomic and budget policy-making capacity, and (c) improving regulatory processes. It has the following three subcomponents: (i) Improving macroeconomic policy tools and enhancing research capacity; (ii) Strengthening fiscal policy and planning; and (iii) Strengthening capacity for debt management and external development financing operations. 2) The second component, Improving the Efficiency of Public Financial Management, aims to improve fiscal discipline by strengthening the country’s PFM and enhance the quality of expenditures by revamping PIM and fostering activities aimed at increasing transparency and accountability. It has the following four subcomponents: (i) Improving budget credibility, predictability, and execution for better delivery of services; (ii) Increasing budget comprehensiveness and transparency through better control, reporting, and expansion of the recipient’s Integrated Financial Management Information System capabilities; (iii) Strengthening the public financial management institutional capacity; and (iv) Strengthening Public Investment Management. 3) The third component, Enhancing Financial Sector Stability, aims to support the MOF, BOM, FRC, DBM, and DICOM to strengthen the resiliency of the banking system.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Ministry of Finance Batsengee Dorjsembed Director General Development Financing Department ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing You can learn more about the Inspection Panel and how to file a complaint at:

How it works

How it works