Mongolia : Improving Public Investments to Meet the Challenge of Scaling Up Infrastructure

The objective of this report is to analyze in depth the current public investment management system and to assess whether or not it is able to meet this challenge of delivering good quality projects in the priority areas in a macro-economically sustainable manner; and to recommend what needs to be done to improve the system so that it is able to effectively transform natural resource revenues into sustainable capital assets. In making its recommendations, this report focuses on some of the details that need to be laid out in implementing regulations in order to make the Fiscal Stability Law (FSL), Budget Law of Mongolia (IBL), and Public Procurement Law of Mongolia (PPLM) work. The report also suggests amendments to some of the existing laws that pose a risk to meeting the four objectives. In proposing policy options, the report is conscious of the political economy of reform and, wherever possible, analyzes the compatibility of the technical solutions with the political interests of policy-makers.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013-01
Subjects:	ACCESS ROADS, ACCOUNTABILITY, ACCOUNTING, ADB, AFFILIATES, AIR, AIR POLLUTION, AUDIT OFFICE, AVERAGE TRAFFIC SPEEDS, BAILOUTS, BARRIERS TO ENTRY, BID, BIDS, BORDER CROSSINGS, BOTTLENECKS, BRIDGE, BRIDGE CONSTRUCTION, BRIDGE CROSSINGS, BUDGET ALLOCATION, BUDGET ALLOCATIONS, BUDGET EXECUTION, BUDGET FORMULATION, BUDGET FRAMEWORK, BUDGET LAW, BUDGET PROCESS, BUDGETARY RESOURCES, CAPACITY CONSTRAINTS, CAPITAL ADEQUACY, CAPITAL ADEQUACY RATIOS, CAPITAL ASSETS, CAPITAL BUDGET, CAPITAL BUDGETING, CAPITAL EXPENDITURES, CAPITAL FORMATION, CAPITAL MARKETS, CAPITAL PROJECTS, CENTRAL GOVERNMENT, CENTRAL GOVERNMENT SPENDING, CHECKS, CIVIL SERVICE, CIVIL SOCIETY MONITORING, CIVIL SOCIETY ORGANIZATIONS, COMMODITY PRICE, COMMODITY PRICES, COMMUNITY INFRASTRUCTURE, COMPETITIVE BIDDING, CONFLICT OF INTEREST, CONFLICTS OF INTEREST, CONGESTION, CONTINGENT LIABILITIES, CORPORATE GOVERNANCE, COST-BENEFIT ANALYSIS, CREDIBILITY, CULVERTS, DEBT SERVICE, DECENTRALIZATION, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPMENT BANK, DEVELOPMENT BANKS, DISBURSEMENTS, DRAINAGE, DRIVING, DRIVING CONDITIONS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, EDUCATION SPENDING, EMPLOYMENT, ENTRY REQUIREMENTS, EQUALIZATION, EQUIPMENT, EXPENDITURE, FINANCIAL MANAGEMENT, FINANCIAL POLICY, FINANCING OF INFRASTRUCTURE, FINANCING SOURCES, FISCAL FRAMEWORK, FISCAL POLICY, FISCAL STABILITY, FIXED CAPITAL, FOREIGN ASSETS, FUELS, GOVERNMENT BUDGET, GOVERNMENT EXPENDITURE, GOVERNMENT EXPENDITURES, GOVERNMENT GUARANTEES, GOVERNMENT OWNERSHIP, GOVERNMENT POLICY, GOVERNMENT REGULATIONS, GOVERNMENT REVENUES, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, HIGH TRANSPORT, HIGHWAYS, HOUSING, HUMAN CAPITAL, HUMAN DEVELOPMENT, HUMAN RESOURCE, HUMAN RESOURCES, IMPROVING BUDGET EXECUTION, INCOME LEVELS, INFLATION, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE FINANCING, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE PROJECTS, INSURANCE, INTERNATIONAL BOND, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL MARKETS, INTERNATIONAL MARKETS, INTERNATIONAL TRADE, INTERNATIONAL TRANSIT, INVESTMENT CLIMATE, INVESTMENT PROJECTS, INVESTMENT SPENDING, LACK OF TRANSPARENCY, LAWS, LEGAL ENVIRONMENT, LEGAL FRAMEWORK, LEGISLATION, LIABILITY, LLC, LOCAL CAPACITY, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, MACROECONOMIC INSTABILITY, MACROECONOMIC STABILITY, MANDATES, MARKET FAILURES, MEDIUM-TERM DEVELOPMENT, MEDIUM-TERM DEVELOPMENT PLANS, MIGRATION, MINISTRY OF FINANCE, MONETARY FUND, NATIONAL AUDIT, NATIONAL DEVELOPMENT, NATURAL RESOURCES, NOMINAL CAPITAL, NOW ACCOUNTS, OPPORTUNITIES FOR CORRUPTION, OWNERSHIP STRUCTURE, PATRONAGE, PEAK DEMAND, POLITICAL ECONOMY, POLLUTION, POPULATION DENSITY, POVERTY REDUCTION, PRICE VOLATILITY, PRIVATE FINANCING, PRIVATE INVESTMENT, PRIVATE INVESTMENTS, PROCUREMENT POLICY, PUBLIC DEBT, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE MANAGEMENT, PUBLIC EXPENDITURES, PUBLIC FUNDS, PUBLIC GOODS, PUBLIC INVESTMENT, PUBLIC INVESTMENT PROGRAM, PUBLIC INVESTMENTS, PUBLIC PRIVATE PARTNERSHIPS, PUBLIC PROCUREMENT, PUBLIC SECTOR, PUBLIC SECTOR MANAGEMENT, PUBLIC SECTOR SPECIALIST, PUBLIC TRANSPORT, RAIL, RAILROAD, RAILWAY, RAILWAYS, REAL EXCHANGE RATE, REGULATORY CONSTRAINT, REGULATORY FRAMEWORK, REPAYMENT, RESERVES, RESOURCE ALLOCATION, RETURNS, ROAD, ROAD CONSTRUCTION, ROAD MAINTENANCE, ROAD NETWORK, ROAD SECTOR, ROAD TRANSPORT, ROADS, RURAL ROADS, RURAL TRANSPORT, SANITATION, SAVINGS, SECTOR POLICY, SELF-REGULATION, SERVICE DELIVERY, SHAREHOLDER, SOCIAL INSURANCE FUND, SOLID WASTE COLLECTION, SOLVENCY, SOVEREIGN BOND, STATE PROPERTY, STREET LIGHTING, TAX, TAX REVENUE, TRAFFIC, TRAFFIC SAFETY, TRANSIT CORRIDORS, TRANSPARENCY, TRANSPORT, TRANSPORT COSTS, TRANSPORT INFRASTRUCTURE, TRANSPORT PRICING, TRANSPORT SECTOR, TRANSPORTATION, TREASURY, URBAN DEVELOPMENT, URBAN ROADS, VEHICLES, WAGES, WATER SUPPLY,
Online Access:	http://documents.worldbank.org/curated/en/2013/01/17282494/mongolia-improving-public-investments-meet-challenge-scaling-up-infrastructure https://hdl.handle.net/10986/13256
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