Development and finance practitioner with nearly 30 years’ experience as a banker, manager and consultant, and with a passion for sustainability and inclusive growth.
Spearheading the establishment of Tun Consult in 2014, she originated and executed 70+ complex and impactful transactions with leading private businesses, international investors, financial institutions, government organisations, and multilateral development institutions including the World Bank, Asian Development Bank, UNDP and GIZ.
Tunga has built deep client relationships globally, earning a reputation as a thought leader and subject matter expert. With the distinction of being one of only few CFA Charterholders from Mongolia and an experienced development consultant, she has consistently delivered exceptional results and won extensive repeat business.
Previously, Tunga was the Program manager at Mongolia’s first ever boutique consulting firm, ultimately becoming CEO, where she led the team through various engagements for multilateral development organisations such as he World Bank, EBRD, IFAD, DFID, GIZ, KfW and World Vision.
Earlier in her career, Tunga worked for the EU, Central Bank of Mongolia and the largest bank in Mongolia in managerial roles.
ECONOMIC DEVELOPMENT
Assessment of SME financing landscape, surveys and interviews with financial institutions, SMEs and relevant government agencies; identification of demand and supply gaps; recommendations on further actions by GIZ for strengthening policy dialogue with the stakeholders
Analysis of governance structure; development of the assessment framework; budget review; identification of assessment metrics; interviews and focus groups with key stakeholders and beneficiaries; effectiveness and efficiency assessments; and recommendations on program and policy reforms
Quality assurance of the baseline assessment; adaptation of Integrated National Financing Framework at the local implementation level; development of financing strategy to mobilise public, private and donor funds; consultation with stakeholders; development of governance, coordination and monitoring mechanism (Mongolia became one of the first countries to launch the financing strategy under INFF.)
Assessment of business environment, trade/investment climate and PPP; mapping of key business sectors (agribusiness, energy, infrastructure, etc.) including state owned enterprises with a focus on supply chain development; roadmap to address policy and structural impediments for growth; recommendations to ADB on further actions for crowding in private solutions for further development
Review and analysis of the existing governance structure, processes, relevant laws and policies of social insurance system; analysis of funds’ financial situation; outlining of key reform needs; consultations with government; development of guidelines
Assessment of research and university funding mechanisms including Science Technology Foundation, university endowment funds, VC funds, and the Student Loan Fund; consultation with stakeholders; identification of TA/consulting required to improve their administration
FINANCIAL MANAGEMENT AND BUSINESS DEVELOPMENT
Business plan and project whitepaper development; comprehensive financial modelling to facilitate strategy development; revision of financial reporting in multiple jurisdictions; valuations and deal structuring at funding rounds, successful deal execution raising $ 3.5M; partnership with multilateral institutions (Obortech platform was successfully selected as a sub-project to the World Bank market systems and value chain development program in target rural areas.)
Development of the business plan and comprehensive financial model leading the sponsor’s in-house team including logistics and construction professionals; deal structuring of $130M debt and equity funding from the sponsor and international investors (Korea and PRC); a major role in consultations/negotiations across stakeholders including the city government and development institutions along with sponsor’s senior managers
Assessment of business environment for JV establishment in Mongolia; identification of investment opportunities; due diligence; ESG considerations; investment structuring and execution; after deal supports
Advisory on partnership development in Mongolia; organisation of meetings with cashmere manufacturers, government and research organisations
Financial management and financial modelling training to Risk Management and Sustainable Solutions Department
Valuation of seven daughter companies engaged in innovative finance such as Ard Bit, Ard Securities and Tenger systems for annual audit assurance using comparable transactions and discounted cash flow approach due to International Valuation Standards
Analysis and consulting on financial management to the company’s new state of the art factory financed by $ 4.4M debt from EBRD including development of financial KPIs, advisory to improve liquidity and working capital management and training of financial managers
Valuation of the business for a Series A investor; business plan development to enter into USA market with biodegradable shoe lines, produced employing waste wool, felt and traditional craftsmanship
Investment proposal development on environmentally friendly, containerised bulk shipment system to Rio Tinto copper mine in Mongolia – analysis of copper industry logistics system; comprehensive financial modelling and analysis of break bulk vs containerised bulk system; cost benefit analysis on environmental impacts; the proposal development
Advisory on financial management to improve livestock productivity and pasture management; development of financial KPIs; organisation of business trips to Australia; facilitation of business deals with Tattykeel
