Documented examples

Each record describes something a country built that the indicators do not capture. The source provides the published number; the mechanism is our interpretation.

Scores describe outcomes. These records describe how a country acted, what it needed and what happened. 742 of 742 records include a mechanism. They do not affect scores.

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SearchCountryCapabilityStatusWith a mechanism3 of 742 deliveries

Experimentation

1 delivery linked to Firms through regulatory sandboxes.

Mongoliasince 2021still operatingbears on Firms through regulatory sandboxes

Financial Regulatory Commission sandbox regulatory environment

Mongolia's Financial Regulatory Commission admitted three products and services to its sandbox for one year in the fourth quarter of 2022 and released one, the MonPay digital bond, on 30 December 2022 after a year of testing, leaving four under test.

3 products, products and services admitted to the sandbox in 2022 q4, 2022-12-31. 1 products, products and services released from the sandbox in 2022, 2022-12-30. Financial Regulatory Commission of Mongolia (Санхүүгийн зохицуулах хороо), Үйл ажиллагааны жилийн тайлан 2022 (annual activity report 2022), section 'Сэндбокс зохицуулалтын орчин', retrieved 2026-10-02.

The move, and what it needed

The non-bank financial regulator adopted a sandbox regulation in 2021 and a sandbox council that admits fintech products for a one-year test and issues a recommendation to release each one.

Preconditions

A regulation on the sandbox environment adopted by the commission
A council to decide admission and exit
Domestic fintech and virtual asset firms seeking a route to licensing

Limits: The regulator reports on itself, in Mongolian, in a PDF on PDF page 29 (printed page 30). It counts products and services, not firms. The same page breaks down requests submitted to the sandbox by type (6, 2, 2, 1, 1, 1, 1, 1), which sum to 15 by my addition, but it does not say over what period they were received or how many were refused. The admission figure covers one quarter, and the report gives no full-year admissions for 2021 or 2022, when MonPay's test began on 1 November 2021. Only one year was read: later FRC reports were not found today, so the record says nothing about whether the sandbox kept admitting products after 2022. The products under test were a repo platform, a peer-to-peer lender, an insurtech service and a crowdfunding platform, and virtual asset providers made up the largest group of requests. The Bank of Mongolia's activity, if any, is not included.

Adaptability

1 delivery linked to Institutional responsiveness.

Mongoliasince 2020delivered and closedbears on Institutional responsiveness

Social insurance contribution exemption, April to September 2020

Mongolia's parliament passed the Law on Exemptions for Social Insurance Contributions and Assistance from the Unemployment Insurance Fund on 9 April 2020, waiving contributions retroactively from 1 April to 30 September 2020 for voluntary contributors and affected employers and workers, and 152,475 workers had received relief under the World Bank-financed part of the measure by 31 December 2020.

152,475 workers, workers under the mandatory scheme receiving at least one month of contribution relief under the world bank-financed part, 2020-12-31. 8 days (law passed 9 April 2020, relief from 1 April 2020), days from the start of the relief period to the law's passage, 2020-04-09. World Bank, Implementation Status and Results Report No. 2, Mongolia Emergency Relief and Employment Support Project (P174116), May 2021, retrieved 2026-10-02.

The move, and what it needed

Parliament legislated a time-limited waiver of social insurance contributions for employers and workers hit by the pandemic, administered by the social insurance administration through its contribution records, with a development loan refinancing part of the foregone revenue.

Preconditions

A contribution-based social insurance system with employer and worker records
A parliament able to pass emergency legislation within weeks
External finance to backfill the insurance fund

Limits: The 152,475 (71,894 women) is an indicator in an implementation status report, not a completion report, and it covers only the part of the relief the World Bank refinanced (US$10 million); the Project Appraisal Document of June 2020 (https://documents.worldbank.org/curated/en/815051592878000582/pdf/Mongolia-Emergency-Relief-and-Employment-Support-Project.pdf, paragraph 22) gives the law's date and expected the whole measure to reach about 120,000 voluntary contributors and over 400,000 workers and 38,000 employers at about US$228 million, so the national total is larger and is not in this source. The 8 days is our arithmetic from those two dates and flatters the speed: the law was retroactive, so it says nothing about when employers actually stopped paying. The relief was part of a March 2020 stimulus package; waived contributions weaken the social insurance fund, a cost the indicator does not show. The ISR is the lender reporting on its own project.

Building

1 delivery linked to Large project delivery.

Mongoliasince 2017delivered and closedbears on Large project delivery

Second Energy Sector Project, distribution rehabilitation and the 10 MWp western solar plant

Mongolia's Ministry of Energy and its distribution companies rehabilitated the Baganuur and Erdenet-Bulgan distribution networks and built a 10 MWp solar plant in the Western Energy System under the Second Energy Sector Project, spending US$53.35 million against a US$55.40 million appraisal estimate but closing in August 2024, 25 months after the original September 2022 closing date.

53.35 million US dollars, actual disbursement at closure, 2024-08-31. 55.4 million US dollars, appraisal cost estimate, 2017-06-15. World Bank Independent Evaluation Group, ICR Review, Mongolia Second Energy Sector Project (P152343), ICRR0024731, 14 January 2026, retrieved 2026-10-02.

The move, and what it needed

The energy ministry split a lender-financed programme into distribution upgrades run by regional companies and one turnkey solar plant, kept costs inside the envelope and took two extensions to finish.

Preconditions

Regional distribution companies able to act as implementing units
Grant co-finance for the renewable component
A lender willing to extend rather than cancel

Limits: The cost and date figures are in section 2e of the IEG review (pages 2 to 3), read from the plain-text version; the full ICR was not opened. IEG attributes 18 of the 25 months to subprojects added in the western system at the 2022 restructuring and seven months to inefficiencies, with COVID-19 equipment delays, government changes after elections and procurement problems named as causes, so roughly seven months is slippage on the original scope. The planned US$1.0 million borrower contribution was cancelled, so the project was wholly grant financed. The project is mid-sized, about US$55 million, so it shows delivery on a modest programme rather than on Mongolia's flagship builds such as the new Ulaanbaatar airport, for which no completion figures were found. The solar plant was reported operational in 2022, ahead of the formal closing, so the schedule figure mostly concerns the distribution works. IEG rated the outcome Satisfactory.