Mongolia: Central Bank Communications
High-Level Summary Technical Assistance Reports, May 26, 2023
Source details
- Canonical URL
- Mongolia: Central Bank Communications
Other formats
Bibliographic details
- Authors: Udaibir S Das, Vassili Prokopenko, Florian Gimbel, Altynai Aidarova, Marianne Nessen, John Power
- Published: May 26, 2023
- Series: High-Level Summary Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400243943.029
Scope and purpose
- Presents a High-Level Summary Technical Assistance (TA) report on Mongolia Central Bank Communications.
- Reviews the existing communication framework of Bank of Mongolia (BOM).
- Analysis focuses on:
- Assessment of monetary and financial policy communications.
- Evaluation of the internal organization of BOM’s communication function.
- Organizational arrangements reviewed in terms of structure, resources, and procedures.
Key findings
- Effective central bank communications depend on several pre-conditions, notably:
- The presence of sound legal and normative frameworks, particularly regarding the mandate and independence of the central bank.
- The report identifies several areas where BOM could enhance the effectiveness of its communications.
- Strengthening the internal organization of communications would materially improve BOM’s policy communication.
Organizational assessment
- Current assessment covers:
- Structure of BOM’s communication function.
- Resources available for communications.
- Procedures governing communications.
- A dedicated, well‑staffed communications department is highlighted as a critical organizational improvement.
Main recommendations
- Create a dedicated, well-staffed department in charge of communications.
- Integrate the communications department into major BOM policy actions and flagship reports to strengthen internal organization and coherence of messaging.
Publication and metadata
- Authors: Udaibir S Das, Vassili Prokopenko, Florian Gimbel, Altynai Aidarova, Marianne Nessen, John Power
- Date: May 26, 2023
- Pages: 3
- Volume: 2023
- Issue: 006
- Series: High Level Summary Technical Assistance Report No. 2023/006
- DOI: https://doi.org/10.5089/9798400243943.029
- Stock No: HLSEA2023006
- ISBN: 9798400243943
- ISSN: 2959-4103
Source: "Mongolia: Central Bank Communications", High-Level Summary Technical Assistance Reports, May 26, 2023.
Content in this bundle
- MONGOLIA – Central Bank Communications