PPIAF Helps the Municipality of Ulaanbaatar Improve its Creditworthiness
In 2013, PPIAF provided technical assistance through the SNTA Program to support the City of UB in improving its financial management and budget transparency by carrying out a financial self-assessment and a debt-management assessment. The financial self-assessment aimed to identify the gaps and weaknesses in the city’s financial management system, based on international best practices. The assistance also provided guidance on preparing a Capital Investment Plan (CIP) and offering training on financial reporting for the city’s budget officers.
The City of Ulaanbaatar (UB) is Mongolia’s political, economic and industrial center. It has a population of 1.2 million, accounting for more than 40 percent of the country’s population. The rapid urbanization is straining the City’s ability to provide services, especially infrastructure. In order to fi nance the needed expansion of economic infrastructure and improve access to basic local services, the City plans to explore mobilizing resources from capital markets. To aid in this eff ort, PPIAF, through the Sub-National Technical Assistance (SNTA) Program, supported the City in laying the groundwork to improve its creditworthiness, by improving its financial management practices and enhancing financial transparency.
