European Union External Action

Strengthening Governance for Inclusive and Sustainable Development in Mongolia

13/11/2020 - 10:31
Better Public Services

The objective of the Trust Fund is to support the government's effort to improve fiscal discipline, public financial management, and transparency and accountability processes for strengthened governance in Mongolia

Total cost: EUR 4,800,000

EU contracted: EUR 4,800,000

Duration: 20/03/2018 to 29/06/2022    

Implementing organization: World Bank

Benefitting zones: Mongolia - Nationwide

Overall objective: The objective of the Trust Fund (TF) is to support the government's effort to improve fiscal discipline, public financial management, and transparency and accountability processes for strengthened governance in Mongolia

Specific objective:

1. To strengthen the accountability of the eco-system.

2. Strengthening macroeconomic and fiscal management

3. Improving the efficiency of the Public finance management (PFM)

Expected results

Components 1 and 2 of the TF include activities aimed at strengthening the macro-fiscal management of the country while cementing budgeting practices not only to improve results but also to reinforce the macro-fiscal framework. Component 3 of the TF ensures that the technical assistance provided in Components 1 and 2 garner commitment, coordination, and cooperation of different actors in the accountability eco-system for ensuring rules and resources yield the desired development outcomes.

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