Strengthening Governance in Mongolia

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In order to support the ongoing efforts of the government to achieve fiscal stability, enhance Public Financial Management (PFM) and strengthen transparency and citizen engagement, the World Bank established an EU-funded hybrid TF073029. This new TF will complement the on-going activities under the “Strengthening Fiscal and Financial Stability Project” (SFFS) (P161048) and provide additional support to the government’s PFM reform efforts.This new Recipient Executed (RE) TF will serve two main purposes: The first one will be to complement and expand the ongoing technical assistance the WB is providing through the SFFS Project with a number of activities that are deemed critical to support Mongolia in achieving the objectives the country has agreed to in its Economic Recovery Plan (ERP) as well as the development partners’ support including the EMSO of the World Bank and the EFF of the IMF. The second purpose of this TF is to support the GoM in advancing the current efforts toward increasing transparency and participation in fiscal matters.The recipient executed grant will have two technical components.