Mongolia’s Integrated National Financing Strategy (INFS) aims to strategically align the country’s financial framework with sustainable development goals and national development targets to achieve the Agenda 2030. The Financing Strategy contributes to facilitating the implementation of the SDG-aligned medium-term development plan, “Five-Year Development Guidelines for 2021-2025” within the framework of Mongolia’s Vision 2050 and strengthening its monitoring and review, governance and coordination mechanisms. The INFS aims to bridge the financing gap through the mobilization of additional financial resources from domestic and international markets, strengthen planning, budgeting, and financing processes, and ensure a better alignment of existing financing mechanisms with SDGs.
The INFS further outlines a number of strategic actions including reforms on the Medium-Term Fiscal Framework such as the introduction of results-based, SDG-aligned, and gender-responsive budgeting practices; the development of innovative and green debt instruments ensuring debt sustainability to address the pressing development challenges in Mongolia. The strategy includes ESG reporting to attract foreign investors, the introduction of innovative financing tools and SDG impact standards, and reforms on the Law on Public-Private Partnership to support the active involvement of the private sector in contributing to national development goals. The INFS also puts forward a strategic thrust on creating a macroeconomic environment and systemic conditions to support debt sustainability, financial sector stability, economic diversification, and investment opportunities to achieve Mongolia’s sustainable development goals.
