Person:
Jambal, Ganbaatar

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Last updated: February 21, 2024
Biography
Ganbaatar Jambal is senior financial sector specialist with the Finance, Competitiveness and Innovation Global Practice of the World Bank, Europe and Central Asia Unit. He specializes in banking supervision, risk management, economic modeling, and green finance. Ganbaatar joined the World Bank in 2015 and since then has worked on development projects in the Europe and Central Asia, East Asia and Pacific, and Africa regions. Before joining the World Bank, Ganbaatar held various senior-level positions at the Central Bank of Mongolia, including director of regulation policy division, director general of banking supervision, chief economist, senior adviser to the governor of the central bank, and chairman of the National Coordination Committee on Anti– Money Laundering. He holds a master’s degree in financial economics for public policy and a doctorate in economics.

Publication Search Results

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  • Publication
    Braced for Impact: Reforming Kazakhstan’s National Financial Holding for Development Effectiveness and Market Creation
    (Washington, DC: World Bank, 2023-11-05) Melecky, Martin; Di Benedetta, Pasquale; Ahmad Fontan, Ismael; Jambal, Ganbaatar; Noel, Michel
    Braced for Impact: Reforming Kazakhstan’s National Financial Holding for Development Effectiveness and Market Creation offers a framework for assessing the readiness of development finance institutions (DFIs) and their conglomerates to deliver credible development impact and create financial markets. The framework focuses on accountability for impact, responsible leveraging of entrusted capital, holistic risk management, and proper governance. It is used to assess Baiterek, Kazakhstan’s national financial holding—a conglomerate of DFIs—and to derive policy options and practical recommendations for the given country context. If the recommended reforms are implemented, Baiterek will be braced for positive impact on Kazakhstani firms, households, and the environment while also helping create deeper financial markets through robust mobilization of private capital. A reformed Baiterek could become a leading global DFI conglomerate and a role model for similar institutions in other countries. However, if too few or none of the recommended reforms are undertaken, Baiterek will need to brace for further criticism from unhappy stakeholders.