Mongolia: Technical Assistance Report-Central Bank Communications

The report reviews the existing communication framework of Bank of Mongolia and identifies several areas where Bank of Mongolia could enhance the effectiveness of its communications. The analysis focuses on the assessment of the monetary and financial policy communications as well as the evaluation of the internal organization of the Bank of Mongolia’s communication function. The organizational arrangements are reviewed in terms of structure, resources, and procedures. The report also highlights the importance of establishing several pre-conditions for effective central bank communications, which include the presence of sound legal and normative frameworks particularly in relation to the mandate and independence of the central bank.