High-Level Summary Technical Assistance Reports

Mongolia: Ministry of Finance Macroeconomic Framework Technical Assistance: Scoping Mission Report

By Boriana Yontcheva, Simone M Cuiabano, Mehdi El Herradi, Martin Fukac

December 27, 2024

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Format: Chicago

Boriana Yontcheva, Simone M Cuiabano, Mehdi El Herradi, and Martin Fukac. "Mongolia: Ministry of Finance Macroeconomic Framework Technical Assistance: Scoping Mission Report", High-Level Summary Technical Assistance Reports 2024, 050 (2024), accessed December 28, 2024, https://doi.org/10.5089/9798400296925.029

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Summary

Further to Mongolia's Ministry of Finance (MOF) request, an assessment mission was carried out from May 24 to June 2, 2023. The mission reviewed the needs, capacity and constraints for the development of institutional macroeconomic forecasting capacity at the Financial and Fiscal Research Department (FFRD). Notably, despite FFRD's ambitious goals in fiscal policymaking, a comprehensive macroeconomic framework for analysis, forecasting, and assessing fiscal policy's macroeconomic impact is not yet in place. The action plan and logical framework is centered around capacity development and customization of the Comprehensive Adaptive Expectations Model (CAEM) to the Mongolia economy. This note summarizes the main findings and action plan agreed on for the project.

Subject: Fiscal policy, Macroeconomic and fiscal forecasts, Macro-fiscal framework, Public financial management (PFM)

Keywords: Comprehensive Adaptive Expectations Model (CAEM), Economic forecasting, Forecasting and Policy Analysis, Macroeconomic and fiscal forecasts, Macroeconomic Framework, Macro-fiscal framework, Medium-term budget frameworks

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