Mongolia

Ratings for the Second Development Policy Credit Project for Mongolia were as follows: outcomes were satisfactory; risk to development outcome was moderate; Bank performance was satisfactory and borrower... Show More + performance was also satisfactory. Some lessons learned includes: the operation emphasized the crucial importance of understanding the political economy context for policy reforms. The financial crisis highlighted the need for Mongolia to improve its overall policy framework in order to prevent future boom-and-bust cycles, and provided a key window of opportunity for engagement by the World Bank and other partners. The ability and resources to scale up such work quickly, are essential for a successful and timely outcome in crisis- response operations, and particularly when trying to lay the basis for sound medium term policy framework. It is important to gauge from the beginning of an operation the capacity, both technical and political, of the borrower or the implementing agency to implement the reforms. Show Less -

Ratings for the Second Private Sector Development Credit Project for Mongolia were as follows: outcomes were satisfactory; risk to development outcome was modest to low; Bank performance was satisfactory... Show More + and borrower performance was also satisfactory. Some lessons learned includes: carefully designed information requirements may minimize compliance costs as well as serving the capacity-building objectives to help ensure successful implementation. Continued training needs identification is critical to ensure the effectiveness of Technical Assistance (TA). Close monitoring of the macroeconomic conditions of the borrower's country is critical to the completion of a line of credit operation. Necessary resources should be allocated to both the bank supervision and borrowers Project Implementation Unit (PIU). High degree of borrower ownership of the project aids the successful implementation of the project. Continuity of project team and qualified project coordinator in Project Management Unit (PMU) contribute to the success of a project. Show Less -