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
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)
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.