Preparing for Debt Management in Ulaanbaatar : Issues to Consider

This note is part of a broader technical assistance program designed to assist the City of Ulaanbaatar (UB) to improve its financial management system, assess the quality of municipal services provision, and mobilize resources from the capital markets to fund urban infrastructure. This note identifies key issues for UB to consider when putting in place an effective debt management framework prior to acquiring debt. It goes hand-in-hand with a separate "Financial Self-Assessment" that was carried out in preparation for a credit rating.

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Bibliographic Details
Main Author: World Bank
Language:English
en_US
Published: Washington, DC 2014-04-02
Subjects:ACCOUNTING, AGGREGATE DEBT, AMOUNT OF DEBT, ANNUAL BORROWING PLAN, ARBITRAGE, AUCTION, AUCTIONS, BALANCE SHEET, BANK LENDERS, BANKRUPTCIES, BANKRUPTCY, BID, BOND, BOND INVESTORS, BOND ISSUANCE, BONDS, BORROWING PLAN, BROKERAGE, BUDGET SURPLUSES, BUDGETING, CAPACITY BUILDING, CAPITAL INVESTMENT, CAPITAL INVESTMENTS, CAPITAL MARKETS, CASH BALANCE, CASH FLOW, CENTRAL BANKS, CENTRAL GOVERNMENT DEBT, CENTRAL GOVERNMENT GUARANTEE, CENTRAL GOVERNMENT TREASURY, COLLATERAL, COLLATERAL FOR LOANS, COLLATERAL REQUIREMENTS, CONFLICT OF INTEREST, CONTINGENT LIABILITIES, CREDIT ENHANCEMENTS, CREDIT RATING, CREDIT STANDING, CREDITOR, CREDITORS, CREDITWORTHINESS, CURRENCY, CURRENCY COMPOSITION, DEBT, DEBT BURDEN, DEBT DATA, DEBT DATABASE, DEBT FINANCING, DEBT FLOWS, DEBT INSTRUMENT, DEBT INSTRUMENTS, DEBT ISSUANCE, DEBT ISSUANCES, DEBT ISSUER, DEBT ISSUERS, DEBT LEVEL, DEBT MANAGEMENT, DEBT MANAGEMENT POLICIES, DEBT MATURITY, DEBT OBLIGATIONS, DEBT PAYMENT, DEBT RATIOS, DEBT REPAYMENT, DEBT RESTRUCTURING, DEBT SECURITIES, DEBT SERVICE, DEBT SERVICE PAYMENTS, DEBT SERVICING, DEBT SERVICING COSTS, DEBT STOCK, DEBT-SERVICE, DEBTS, DEFAULTS, DEPOSITS, DERIVATIVES, DEVALUATION, DEVELOPING COUNTRIES, DISBURSEMENT, DISBURSEMENTS, DOMESTIC BOND, DOMESTIC BOND MARKET, DOMESTIC DEBT, DOMESTIC DEBT SECURITIES, DOMESTIC MARKET, DOMESTIC MARKETS, ECONOMIC DEVELOPMENT, EQUIPMENT, EXCHANGE RATE, EXCHANGE RATES, EXPENDITURE, EXPENDITURES, EXTERNAL BORROWING, FINANCES, FINANCIAL ASSETS, FINANCIAL CRISES, FINANCIAL INFORMATION, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL MARKETS, FINANCIAL STATEMENTS, FISCAL CAPACITY, FISCAL DISCIPLINE, FOREIGN CURRENCIES, FOREIGN CURRENCY, FOREIGN CURRENCY DEBT, FOREIGN CURRENCY RISK, FOREIGN EXCHANGE, FOREIGN EXCHANGE RISK, FOREIGN LOANS, FRAUD, GOVERNMENT BONDS, GOVERNMENT BORROWING, GOVERNMENT INTERVENTION, GOVERNMENT POLICY, GOVERNMENT REVENUES, GRACE PERIOD, GROSS DOMESTIC PRODUCT, INCOME TAX, INDEBTEDNESS, INFLATION, INFLATION RATE, INFORMATION SYSTEMS, INFORMATION TECHNOLOGY, INFRASTRUCTURE FINANCING, INFRASTRUCTURE INVESTMENT, INSTITUTIONAL CAPACITY, INSTRUMENT, INTEREST CALCULATION, INTEREST PAYMENT, INTEREST PAYMENTS, INTEREST RATE, INTEREST RATE RISK, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL BOND, INTERNATIONAL BOND MARKETS, INTERNATIONAL INVESTORS, INTERNATIONAL MARKET, INTERNATIONAL MARKETS, INVESTMENT FINANCING, INVESTMENT PROJECTS, INVESTOR BASE, LEGAL CONSTRAINT, LEGAL CONSTRAINTS, LEGAL FRAMEWORK, LENDER, LEVEL OF RISK, LEVEL PLAYING FIELD, LIABILITY, LIQUID ASSETS, LIQUIDITY, LOAN, LOAN AGREEMENTS, LOAN GUARANTEE, LOAN GUARANTEES, LOANS FROM BANKS, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, LONG-TERM DEBT, MACROECONOMIC CONDITIONS, MARKET DEVELOPMENT, MARKET DISCIPLINE, MARKET PARTICIPANTS, MARKET RISKS, MATURITY DATE, MATURITY PERIODS, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, MORAL HAZARD, MUNICIPAL FINANCE, NATIONAL DEBT, PAYMENT OBLIGATIONS, PAYMENT ORDERS, PENSION, PENSIONS, PERSONAL INCOME, PLEDGES, PORTFOLIO, PORTFOLIO CHOICE, PRINCIPAL PAYMENTS, PRINCIPAL REDEMPTION, PRINCIPAL REPAYMENT, PUBLIC BORROWING, PUBLIC DEBT, PUBLIC DEBT MANAGEMENT, PUBLIC FINANCE, PUBLIC INVESTMENT, REFERENDUM, REGULATORY FRAMEWORK, REGULATORY FRAMEWORKS, REPAYMENT, REPAYMENT OF PRINCIPAL, REPAYMENT SCHEDULE, REPAYMENT SCHEDULES, RESERVE, RESERVE BANK, RESERVE FUND, RESERVE FUNDS, RESERVES, RISK MANAGEMENT, SECURITIES, SECURITIES LAW, SECURITIES MARKET, SECURITIES MARKET LAW, SECURITIES MARKETS, SECURITY INTERESTS, SERIAL BONDS, SETTLEMENT, SHORT-TERM BILLS, SHORT-TERM BONDS, SHORT-TERM BORROWING, SHORT-TERM DEBT, SHORT-TERM DEBTS, SINKING FUND, TERM DEPOSITS, TOTAL DEBT, TRANSACTION, TRANSACTION COSTS, TRANSPARENCY, TREASURY, TREASURY BILLS, TREASURY SECURITIES, UNDERWRITER, UNDERWRITERS, ZERO COUPON,
Online Access:http://documents.worldbank.org/curated/en/2014/04/19774480/mongolia-preparing-debt-management-ulaanbaatar-issues-consider-mongolia-preparing-debt-management-ulaanbaatar-issues-consider
https://hdl.handle.net/10986/20047
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Summary:This note is part of a broader technical assistance program designed to assist the City of Ulaanbaatar (UB) to improve its financial management system, assess the quality of municipal services provision, and mobilize resources from the capital markets to fund urban infrastructure. This note identifies key issues for UB to consider when putting in place an effective debt management framework prior to acquiring debt. It goes hand-in-hand with a separate "Financial Self-Assessment" that was carried out in preparation for a credit rating.