46312-001: Payment System Modernization Project

Project Data Sheet (PDS): Overview

Description

The current payments system is composed of an interbank payment infrastructure and a retail payment infrastructure. The former covers the real time gross settlement system (RTGS) for high-value transactions and the low-value payments system (LVPS) for low value transactions. It also covers the auctioning and trading of foreign exchange and securities, although the present system does not cover collateral management nor the pledging of securities/bonds. This includes a General Ledger system ... Read More

Country Mongolia
Project Number 46312-001
Type or Modality of Assistance Loan
Financing Public sector (Sovereign)
Status Approved
Approval Number Loan No. 3072
Approval Date 26 Nov 2013
ADB Financing ($ thousand) 20,000
Sector Finance
Subsector Banking systems and nonbank financial institutions
Strategic Agendas Inclusive economic growth (IEG)
Drivers of Change Governance and capacity development (GCD)
Gender Equity and Mainstreaming Categories Category 4: No gender elements (NGE)
Safeguard Categories Environment: C
Resettlement: C
Indigenous People: C

 

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