## Mongolia: Central Bank Communications

_High-Level Summary Technical Assistance Reports, May 26, 2023_

## Source details

**Canonical URL:** [Mongolia: Central Bank Communications](https://www.imf.org/en/publications/high-level-summary-technical-assistance-reports/issues/2023/05/26/mongolia-central-bank-communications-central-bank-communications-533830)

## Other formats

- [Markdown version](/en/publications/high-level-summary-technical-assistance-reports/issues/2023/05/26/mongolia-central-bank-communications-central-bank-communications-533830/index.md)
- [Structured JSON version](/en/publications/high-level-summary-technical-assistance-reports/issues/2023/05/26/mongolia-central-bank-communications-central-bank-communications-533830/index.json)
- [Bundle manifest](/en/publications/high-level-summary-technical-assistance-reports/issues/2023/05/26/mongolia-central-bank-communications-central-bank-communications-533830/bundle-manifest.json)

## 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

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### 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.*

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## Content in this bundle

- **MONGOLIA – Central Bank Communications**
  - [MONGOLIA – Central Bank Communications (Markdown version)](/-/media/files/publications/hls/2023/english/hlsea2023006.pdf.md){rel="alternate" type="text/markdown"}
  - [MONGOLIA – Central Bank Communications (PDF)](/-/media/files/publications/hls/2023/english/hlsea2023006.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/high-level-summary-technical-assistance-reports/issues/2023/05/26/mongolia-central-bank-communications-central-bank-communications-533830_