Ulaanbaatar Financial Self-Assessment

The note is part of a broader technical assistance program designed to assist the City of Ulaanbaatar (UB) to improve its financial management system, assess the quality of municipal services provision, and mobilize resources from the capital marke...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Financial Sector Study
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTABILITY AFFORDABLE HOUSING AUDITING AUTONOMY BAILOUTS BALANCE SHEET BALANCED BUDGETS BANK DEPOSITS BANK LENDERS BANKRUPTCY BANKS BOND BOND BUYERS BOND ISSUANCE BONDHOLDER BONDS BORROWER BORROWING BORROWING STRATEGY BUDGETING CAPITAL ASSET CAPITAL ASSETS CAPITAL BUDGETS CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL MARKETS CAPITAL PROJECTS CASH BALANCES CASH FLOW CASH FLOWS CENTRAL GOVERNMENT GUARANTEE CENTRAL GOVERNMENT GUARANTEES COLLATERAL COLLATERALS CONSUMER PRICE INDEX CONTINGENT LIABILITIES CONTINGENT LIABILITY CREDIT ANALYSIS CREDIT GROWTH CREDIT QUALITY CREDIT RATING CREDIT RATING AGENCY CREDIT RISKS CREDITORS CREDITWORTHINESS CURRENCY CURRENT ASSETS CURRENT EXPENDITURES DEBT DEBT INSTRUMENT DEBT LEVELS DEBT MANAGEMENT DEBT MANAGEMENT POLICIES DEBT OBLIGATIONS DEBT OUTSTANDING DEBT PAYMENT DEBT PAYMENTS DEBT REPAYMENT DEBT SERVICE DEBTS DECONCENTRATION DEFAULTS DISPOSABLE INCOME DIVERSIFICATION ECONOMIC ACTIVITIES ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ENFORCEMENT MECHANISM ENFORCEMENT SYSTEM EQUIPMENT EXPENDITURE EXPENDITURE ASSIGNMENTS EXPENDITURES EXTERNAL DEBT EXTERNAL DEBTS FINANCES FINANCIAL ANALYSIS FINANCIAL DATA FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL OBLIGATIONS FINANCIAL PERFORMANCE FINANCIAL RESPONSIBILITIES FINANCIAL RISKS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL STRENGTH FINANCIAL SUSTAINABILITY FINANCIAL SYSTEM FISCAL CAPACITY FISCAL DEFICITS FISCAL DISCIPLINE FIXED ASSETS FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN LOANS FORMAL CREDIT FUTURE CREDIT GOVERNMENT BUDGET GOVERNMENT CREDIT GOVERNMENT DEBT GOVERNMENT FINANCES GOVERNMENT FUNDING GOVERNMENT INVESTMENT GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HOLDING HUMAN RESOURCES INCOME TAX INCOME-GENERATING ASSETS INFLATION INFLATION RATE INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INSTITUTIONAL FRAMEWORK INTANGIBLE INTANGIBLE ASSETS INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERGOVERNMENTAL TRANSFERS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARDS INVENTORY INVESTMENT DECISION INVESTMENT FINANCING INVESTMENT PROJECTS JOB OPPORTUNITIES JUDGMENT KEY CHALLENGES LAWS LEGAL FRAMEWORK LEGAL OBLIGATION LENDING AGREEMENTS LIQUID ASSET LIQUIDATION LIQUIDITY LOAN LOAN AGREEMENTS LOAN AMOUNT LOAN PROGRAMS LOCAL CURRENCY LOCAL ECONOMY LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-TERM DEBT LONG-TERM DEBTS LONG-TERM EXTERNAL DEBTS LONG-TERM LIABILITIES MACROECONOMIC POLICY MANDATES MARKET PRICE MARKET VALUE MARKET VALUES MORAL HAZARD MOVABLE ASSETS MOVABLE PROPERTY MUNICIPAL BONDS MUNICIPAL FINANCE NATIONAL TREASURY OPERATING EXPENDITURES OPERATING REVENUE OPPORTUNITY COSTS OWN SOURCE REVENUE PAYMENT OBLIGATIONS PAYMENT OF PRINCIPAL PENSION PENSION FUNDS PERSONAL INCOME PLEDGES POLICY ENVIRONMENT POTENTIAL INVESTORS PRIVATE INVESTORS PROPERTY TAX PUBLIC CREDIT PUBLIC DEBT PUBLIC DEBTS PUBLIC ENTERPRISES PUBLIC FINANCE PUBLIC SERVICES PUBLIC SPENDING PUBLIC TRANSPORT REAL ESTATE REGISTRY SYSTEM REGULATORY FRAMEWORK REPAYMENT RESERVE RESERVE FUND RETURNS REVENUE BOND REVENUE SOURCES SALES OF ASSETS SECURITIES SECURITIES LAW SECURITIES MARKET SECURITIES MARKET LAW SECURITIES MARKETS SHORT-TERM DEBT SINKING FUND SOVEREIGN GUARANTEE SOVEREIGN RATING SOVEREIGN RATINGS STAMP DUTIES STOCKS SUBNATIONAL GOVERNMENTS SUBSIDIARY TANGIBLE ASSETS TAX COLLECTION TAX RATES TECHNICAL ASSISTANCE TIMELY PAYMENT TOTAL DEBT TRANSPARENCY TRANSPORTATION SERVICES TREASURY TREASURY SECURITIES UNEMPLOYMENT URBANIZATION USER FEES VALUATION WAGES WATER SUPPLY
Online Access:	http://documents.worldbank.org/curated/en/2014/04/19774422/mongolia-ulaanbaatar-financial-self-assessment http://hdl.handle.net/10986/20048

Description
Summary:	The note is part of a broader technical assistance program designed to assist the City of Ulaanbaatar (UB) to improve its financial management system, assess the quality of municipal services provision, and mobilize resources from the capital markets to fund urban infrastructure. The note reviews factors that may support or constrain the rating, ultimately impacting the UB's creditworthiness. This assessment comprises of a comprehensive review of the city's economic fundamentals, institutional framework, fiscal performance, debt profile, and governance system. A key component of a credit rating comprises a review of the institutional framework that governs the city's financial system. This includes evaluating the legal framework, regulations, and procedures. The review also elucidates the jurisdictional parameters across levels of governments regarding debt raising and financing, and evaluates the overall quality of decision-making. As in a formal rating, the assessment also examines the operating environment, which is underlined by the sub-sovereign credit rating, and the support range, or the sovereign guarantee available to UB, if any. The exercise aims to reveal capacity gaps and potential areas for strengthening, as well as proposing concrete steps to improve the city's creditworthiness.

Ulaanbaatar Financial Self-Assessment

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