World Bank2013-03-142013-03-142009-09https://hdl.handle.net/10986/12715This report discusses Mongolia's increasing dependence on mining revenues and the associated vulnerability to boom and bust economic cycles, and calls for special attention to governance in mining resource management. It seeks to identify can be learned from the experiences of other mineral dependent countries that have succeeded in converting their mineral endowment into broadly shared growth, as well as from those that have not. A challenge for the Bank is to be able to formulate good reform solutions which fit the country's' implementation capacity, and are flexible enough to respond to changing country dynamics. The Bank could modify its support better correspond to Mongolia's realities, such as taking into account concerns that by entering into an investment agreement, the government will lose the ability to influence or veto decisions that negatively impact national security. The report looks at the Public Investment Program, focusing on the principles of development oriented investments, and what this would imply across sectors, by taking into account the policymaker's concern that public procurement of public investment projects must disburse quickly, so that procurement efficiency is improved.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTABILITYACCOUNTABILITY MECHANISMSACCOUNTINGALLOCATIONANNUAL BUDGETANTI-CORRUPTIONAPPROPRIATE CHECKSASSETSBANKING SECTORBENEFICIARIESBEST PRACTICEBOOM-BUST CYCLEBRIBESBUDGET CONSTRAINTBUDGET EXECUTIONBUDGET PLANNINGBUDGET PROCESSBUDGETINGCABINETCADASTRECAPACITY-BUILDINGCASH TRANSFERCASH TRANSFERSCHECKSCIVIL SERVICECIVIL SOCIETYCIVIL SOCIETY ORGANIZATIONCOALITION GOVERNMENTSCOALITIONSCOMMODITY PRICESCONFIDENCECONFLICT OF INTERESTCONFLICTS OF INTERESTCONSTITUENCYCONSTITUENTSCORRUPTIONCORRUPTION LAWCOST-BENEFIT ANALYSISDECISION-MAKINGDECREESDEMOCRACYDEMOCRATIC INSTITUTIONSDEPOSITDEPOSITSDISBURSEMENTDISCRETIONDISTRICTSDOMESTIC CREDITECONOMIC DEVELOPMENTECONOMIC DOWNTURNECONOMIC GROWTHELECTIONSELECTORAL SYSTEMEXCHANGE RATEEXECUTIONEXECUTIVE BUDGETEXECUTIVE BUDGET PROPOSALEXTERNAL SHOCKSFINANCIAL CONSTRAINTFINANCIAL CRISISFINANCIAL MANAGEMENTFISCAL BALANCEFISCAL DEFICITFISCAL FRAMEWORKFISCAL RESOURCESFISCAL RULESFISCAL SUSTAINABILITYFOREIGN COMPETITIONFOREIGN DIRECT INVESTMENTFOREIGN INTERESTSFOREIGN INVESTORSFOREIGN POLICYFOREIGN RESERVESFUND MANAGEMENTGOOD GOVERNANCEGOVERNANCE INDICATORSGOVERNMENT CONTROLSGOVERNMENT EQUITYGOVERNMENT OFFICIALSGOVERNMENT POLICIESGOVERNMENT REVENUEGOVERNMENT REVENUESGOVERNMENT SUPPORTINFLATIONINFORMATION SYSTEMINITIATIVEINSTITUTIONAL MECHANISMSINSTITUTIONAL REFORMSINSTITUTIONALIZATIONINSTRUMENTINTERNATIONAL MARKETSINVESTMENT CLIMATEINVESTMENT CONTRACTSINVESTMENT POLICIESINVESTMENT PROJECTSINVESTMENT SPENDINGLACK OF TRANSPARENCYLAWSLEADERSHIPLEGAL ENVIRONMENTLEGISLATIONLEVYLOCAL AUTHORITIESLOCAL CURRENCYLOSS OF CONFIDENCEMACRO-STABILITYMACROECONOMIC POLICIESMACROECONOMIC STABILITYMARKET ECONOMYMEDIAMEDIUM-TERM OBJECTIVESMINISTRY OF FINANCEMONETARY POLICIESMPNATIONAL DEVELOPMENTNATIONAL INTERESTNATIONAL INTERESTSNATIONAL SECURITYNATIONALISMNATURAL RESOURCESNON-PERFORMING LOANSPARLIAMENTPARLIAMENTARIANSPARLIAMENTARY ELECTIONPARLIAMENTARY VOTESPATRONAGEPENSIONSPOLICY DECISIONSPOLICY FORMULATIONPOLICY MAKERSPOLICY MAKINGPOLICY OPTIONSPOLITICAL ECONOMYPOLITICAL INTERFERENCEPOLITICAL PARTIESPOLITICAL PLURALISMPOLITICAL UNCERTAINTYPOLITICIANPOLITICIANSPOPULISMPOVERTY REDUCTIONPRIVATE SECTORPROCUREMENT LAWPROVINCIAL LEVELPUBLIC CONSULTATIONPUBLIC EXPECTATIONSPUBLIC EXPENDITUREPUBLIC EXPENDITURESPUBLIC FINANCIAL MANAGEMENTPUBLIC INTERESTPUBLIC INVESTMENTPUBLIC INVESTMENT PROGRAMPUBLIC INVESTMENTSPUBLIC MONIESPUBLIC OFFICIALSPUBLIC OPINIONPUBLIC POLICYPUBLIC PROCUREMENTPUBLIC RESOURCESPUBLIC REVENUESPUBLIC SECTORPUBLIC SECTOR SPECIALISTPUBLIC SPENDINGREFORM AGENDAREGULATORY FRAMEWORKRESOURCE CURSERESOURCE FLOWSRESOURCE MANAGEMENTRETURNRETURNSREVENUE SHARINGROYALTYSERVICE DELIVERYSHAREHOLDERSSOCIAL ASSISTANCESOCIAL PROGRAMSSOCIAL TRANSFERSSOCIALISMSOVEREIGNTYSTATE BUDGETSTATE OWNERSHIPSTATE PARTICIPATIONSTOCK EXCHANGETAXTAX REGIMETRANSITION ECONOMIESTRANSPARENCYVETOVOTINGWorld Bank10.1596/12715