Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Mongolia
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • World Bank (WB)
Bank Risk Rating: C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-06-23
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Government of Mongolia
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Mining
  • Technical Cooperation
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Project Cost (USD): $ 0.57 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ WB website
Updated in EWS: 2017-06-22
Disclosure Date: 2016-03-23
Mongolia Improved Governance of Extractives Project (MIGEP)
WB-P158649

Project Description
The Minister of Finance requested continuing grant support to finance implementation of EITI by a letter of October 14 2015. The MIGEP grant will be financed by the Extractives Global Programmatic Support (EGPS) Multi-Donor Trust Fund and will be recipient executed. Three previous grants to support implementation of EITI were funded by the EITI MDTF, a global trust fund which closed on December 31, 2015 The project will support the activities essential to EITI implementation and meeting Mongolia’s obligations as an EITI member under the 2013 Standard. The Government continues to allocate funds for Reconciliations Reports for EITI each year while the costs of running the program and outreach remains funded by various grants. The proposed EITI Law has been pending submission for over a year and resources allocated by the Government remain limited. Going forward, more government engagement will be required to ensure long-term sustainability, and the EITI Law includes financing for the costs of the Mongolia EITI Secretariat. The MIGEP Grant will support the Government of Mongolia to continue implementation of the EITI and anchor it financially and institutionally in its post-compliance phase from March 1, 2016 until December 31, 2018.
Investment Description
Extractives Global Programmatic Support
Contact Information
Ministry of Finance Contact: Bolor Tel: 97651260247 Email: support@mof.gov.mn ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.
Bank Documents