Publication:
Mongolia’s Proposed Sovereign Wealth Fund in the Broader Fiscal Framework

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-07-07T19:21:54Z
dc.date.available2022-07-07T19:21:54Z
dc.date.issued2021
dc.description.abstractThe government of Mongolia has presented the creation of a new sovereign wealth fund designed to invest in domestic assets, to be managed in whole or in part by state-owned mining enterprise Erdenes Mongol. This new fund will supplement existing extrabudgetary institutions with various macroeconomic and industrial policy objectives, namely the Development Bank of Mongolia LLC, the Future Heritage Fund, and the Fiscal Stability Fund. The fund’s mandate - and consequently its deposit rules, withdrawal rules, and investment guidelines - remain unclear. The fund is being established in a unique macroeconomic and fiscal environment. This brief aims to describe the Mongolian context so that the new sovereign wealth fund can be designed to fit into the existing fiscal framework rather than undermine public financial management systems and public accountability. The brief then provides a set of lessons for the design of strategic investment funds, drawn from case studies around the world.en
dc.identifierhttp://documents.worldbank.org/curated/en/099325004052224957/P17363103caa4a0800a40401f9a3ef7b3f8
dc.identifier.doi10.1596/37659
dc.identifier.urihttps://hdl.handle.net/10986/37659
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC : World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectWEALTH FUND
dc.subjectFISCAL RULE
dc.subjectMINERAL REVENUES
dc.subjectEXTRABUDGETARY FUNDS
dc.subjectMINORITY SHAREHOLDING
dc.subjectCORPORATE STRUCTURE
dc.subjectINVESTMENT GUIDELINES
dc.subjectFINANCIAL PERFORMANCE
dc.subjectNONFINANCIAL PERFORMANCE
dc.subjectTRANSPARENCY
dc.titleMongolia’s Proposed Sovereign Wealth Fund in the Broader Fiscal Frameworken
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2022-04-06
okr.date.doiregistration2025-04-15T11:51:32.389446Z
okr.date.lastmodified2022-04-06T00:00:00Zen
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/099325004052224957/P17363103caa4a0800a40401f9a3ef7b3f8
okr.guid099325004052224957
okr.identifier.externaldocumentum33779813
okr.identifier.internaldocumentum33779813
okr.identifier.report170201
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099325004052224957/pdf/P17363103caa4a0800a40401f9a3ef7b3f8.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMongolia
okr.region.geographicalEast Asia
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.unitExtractives Global Programmatic Support
relation.isSeriesOfPublication3e126efc-de2f-4a95-be5b-bd2e430a4843
relation.isSeriesOfPublication.latestForDiscovery3e126efc-de2f-4a95-be5b-bd2e430a4843
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