World Bank2013-11-062013-11-062008-06https://hdl.handle.net/10986/16236A World Bank mission visited Ulaanbaatar April 3-11, 2008. The team consisted of Lars Jessen and Eriko Togo, World Bank Treasury. The objective was to undertake a comprehensive assessment of debt management operations using the Debt Management Performance Assessment tool (DeMPA) that was developed with a focus on Low Income Countries (LICs). A main reason for applying the tool in Mongolia was the opportunity to take stock of the progress in the debt management area achieved under the debt management sub-component of the World Bank Governance Assistance Program (GAP). The mission met with government officials from various departments in the Ministry of Finance, including the Debt Management Division, Bank of Mongolia, Mongolia National Audit Office, the State Audit and Inspection Committee, and a private bank. Mongolia scores relatively high on indicators related to governance and strategy development, coordination with macroeconomic policies, strategy implementation, and recording and reporting. Weaknesses reside in the areas of cash flow forecasting and cash management, and operational risk management. The latter include debt administration and data security, and segregation of duties, staff capacity, and business continuity.en-USCC BY 3.0 IGOACCOUNTINGACCOUNTING PRINCIPLEARREARSAUCTIONSAUDIT OFFICEBALANCE SHEETBANK ACCOUNTBANK ACCOUNTSBANKING SECTORBILATERAL DONORSBORROWERBORROWING PLANBUDGET SURPLUSESCALCULATIONCAPACITY BUILDINGCASH BALANCECASH BALANCESCASH FLOWCASH FLOWSCASH MANAGEMENTCENTRAL BANKCENTRAL DEPOSITORYCENTRAL GOVERNMENT DEBTCHAPTER 7CHECKSCLEARING HOUSECODE OF CONDUCTCOMMERCIAL BANKSCONTRACTUAL OBLIGATIONSCREDIT RISKCREDIT RISK ASSESSMENTCREDITORCREDITSCURRENCYCURRENCY COMPOSITIONDEBT DATADEBT DATA RECORDINGDEBT INFORMATIONDEBT ISSUANCESDEBT MANAGEMENTDEBT MANAGEMENT ACTIVITIESDEBT MANAGEMENT FUNCTIONDEBT MANAGEMENT FUNCTIONSDEBT MANAGEMENT OPERATIONSDEBT MANAGEMENT STRATEGYDEBT MANAGEMENT SYSTEMDEBT PAYMENTSDEBT RECORDINGDEBT RECORDING SYSTEMDEBT REPORTINGDEBT SERVICEDEBT STATISTICSDEBT SUSTAINABILITYDEBT SUSTAINABILITY ANALYSESDEBT SUSTAINABILITY ANALYSISDEBT TRANSACTIONSDEFICITSDERIVATIVESDIRECT FINANCINGDISASTER RECOVERYDISBURSEMENTDISBURSEMENT OF FUNDSDISBURSEMENTSDOMESTIC BORROWINGDOMESTIC DEBTDOMESTIC DEBT ISSUANCESDOMESTIC DEBT MARKETDOMESTIC FINANCINGDOMESTIC MARKETECONOMIC POLICYEND-BORROWERSEXCESS LIQUIDITYEXCHANGE COMMISSIONEXCHANGE RATEEXCHANGE RATESEXISTING LAWEXISTING LAWSEXPENDITURESEXTERNAL BORROWINGFINANCIAL MANAGEMENTFINANCIAL STATEMENTFINANCIAL STATEMENTSFISCAL POLICYFORECLOSUREFOREIGN CURRENCIESFOREIGN EXCHANGEFOREIGN LOANFOREIGN LOANSFOREIGN MARKETSFUTURE CASH FLOWSFUTURE DEBTGOVERNMENT BANKGOVERNMENT BORROWINGSGOVERNMENT DEBTGOVERNMENT SECURITIESGUARANTIESHUMAN RESOURCEIMMEDIATE PAYMENTINCOME STATEMENTINFLATIONINFORMATION SHARINGINFORMATION SYSTEMINFRASTRUCTURE DEVELOPMENTINTEREST PAYMENTINTEREST RATEINTEREST RATESINTERNAL AUDITINTERNAL AUDITSINVESTMENT PLANSINVESTMENT PROJECTSISSUANCELEGAL FRAMEWORKLEGAL REQUIREMENTLENDERLENDERSLENDING AGREEMENTLENDING PORTFOLIOLOANLOAN AGREEMENTLOAN DOCUMENTATIONLOAN FUNDSLOAN GUARANTEESLOAN NEGOTIATIONLOAN NEGOTIATIONSLOCAL GOVERNMENTSLOW INCOMEMACROECONOMIC POLICIESMAKING PAYMENTSMARKET PARTICIPANTSMASS MEDIAMATURITYMONETARY POLICYNEGOTIATIONNEGOTIATIONSNET ASSETSNON-PERFORMING LOANSOUTSTANDING AMOUNTOUTSTANDING DEBTOVERDRAFTOVERDRAFT FACILITYOVERDRAFTSPAYMENT SYSTEMPORTFOLIOPRINCIPAL PAYMENTPRINCIPAL PAYMENTSPRINCIPAL REPAYMENTPRIVATE BANKPRIVATE BANKSPROCEDURES FOR DEBTPROCUREMENTPUBLIC DEBTPUBLIC DEBT MANAGEMENTPUBLIC SECTOR DEBTPUBLIC SECTOR MANAGEMENTREGISTRY SYSTEMREMEDYREPAYMENTRESOURCE MANAGEMENTRESPONSIBILITIESRETURNREVOLVING FUNDRISK MANAGEMENTSALESALE OF ASSETSSALESSECONDARY MARKETSECONDARY MARKET DEVELOPMENTSECURITIES LAWSECURITY TRANSACTIONSETTLEMENTSSHORT MATURITIESSOURCE OF FUNDSSOVEREIGN BONDSSTOCK EXCHANGET-BILLST-BONDSTAXTOTAL DEBTTREASURYTREASURY BILLSTREASURY SECURITIESTURNOVERUSE OF DERIVATIVESWEB SITEWITHDRAWALYIELD CURVEWorld Bank10.1596/16236