Ministry of Finance to cooperate with UNDPEconomy
Ulaanbaatar /MONTSAME/ Today, United Nations Development Programme (UNDP) signed a memorandum of understanding (MOU) with the Ministry of Finance of Mongolia to establish a partnership and collaboration on implementation of the medium-term Public Finance Management Reform in Mongolia, including budgeting for SDGs or program-based budgeting process, to accelerate the Sustainable Development Agenda 2030 in Mongolia.
The MOU has been signed by Mr. Ch.Khurelbaatar, Finance Minsiter and Ms.Elaine Conkievich, UNDP Resident Representative in Mongolia.
Under the MOU, priority areas for collaboration will be to advance the medium-term public finance reform, particularly, to improve strategic resource allocation and macroeconomic management by strengthening the effectiveness and efficiency of public expenditures to achieve development goals, objectives, and priorities to foster the sustainable and inclusive growth in Mongolia. UNDP will assist Ministry of Finance to improve transparency and accountability in public finance management, and to establish an integrated national financing framework to accelerate the implementation of Mongolia's Sustainable Development Vision and SDGs.
"International experiences have demonstrated that complementary reforms to public finance reform such as HR and civil service are required to underpin a transition from incremental and output-oriented planning, budgeting and management practices towards an outcome-oriented focus or program-based budgeting," said Ms. Conkievich. "We thank the Finance Minister for the level of commitment to accelerate progress on the Sustainable Development Goals and for a development that leaves no one behind."