Asia Pacific

Mongolia


SDG Finance - Component 1

Rolling Out an Integrated Approach to the SDG Financing in Mongolia

Sustainable Development Goals
Total funding allocated
SDG Finance - Component 1
US $ 836954
Co-funding by UN agencies
SDG Finance - Component 1
US $ 80000
#IntegratedFinancing
#Women
#Youth
#LNOB

Brief Description

Mongolia was one of the first countries to adopt a national development strategy aligned with SDGs and created its own Sustainable Development Vision for 2030 (SDV) in 2016. Yet, Mongolia’s specific challenges in effective delivery of SDGs, especially in the people (social) domain, are not solely due to the lack of financial resources, but also in the weak link between policies and financing. To mobilize the financial resources to SDV, this Joint Programme aims to improve the alignment of financial resources with the national development policies and planning system.

Approach

The strategy for the JP is to combine three streams of reform activities to turn those into a new financing architecture for Mongolia to finance the Sustainable Development Vision-2030. It will be achieved by 1) strengthening the governance structure, monitoring & review systems of financing SDGs, 2) formulating an integrated national financial strategy, and 3) building capacity of key stakeholders to implement SDG financing strategies, incorporating the international best practices and innovative solutions. The programme will focus on strategies and budget programmes with specific target beneficiaries so LNOB, women, youth and children are at the core of the support to social sector ministries.

Quick facts

Total budget:
US $ 916, 954

UN Agencies:

UNDP, UNICEF


National Partners:

Ministry of Finance, National Development Agency, Ministry of Health, Ministry of Education, Culture and Science, Ministry of Labor and Social Protection, National Audit Office, Development Bank of Mongolia, National Committee in Gender Equality,


Duration:
1 Jul 2020 - 1 Jul 2022

Financial Information