TohidA/MONA · Datasets at Hugging Face

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Publish agenda of growth-enhancing reforms (including timetable for implementation) prepared by the business environment commission.

1

03/31/2006

MD

At P1R4, implemented with a slight delay.

5

1

2006-03-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SB

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Submit to Congress bankruptcy law (to include Chapter 11-type corporate restructuring).

2

06/30/2006

MD

N/A

5

2

2006-06-30

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

20.1

1.1. Revenue measures, excluding trade policy

Submit to congress comprehensive tax reform

1

12/31/2005

MOD-DATE

At P1R1, Board approved modification of timeframe for submission of a comprehensive tax reform, with 2/28/2006 test date introduced.

5

1

2005-12-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

20.1

1.1. Revenue measures, excluding trade policy

Submit to congress comprehensive tax reform

1

02/28/2006

WMOD-PA

At P1R3, not met, waived, and upgraded to a prior action which was met.

5

1

2006-02-28

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

20.1

1.1. Revenue measures, excluding trade policy

Implementation of comprehensive tax reform

2

06/30/2006

MOD-DATE

At P1R3, test date changed from 6/30/06 to 10/31/06.

5

2

2006-06-30

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

20.1

1.1. Revenue measures, excluding trade policy

Implementation of comprehensive tax reform

2

09/15/2006

WMOD-PA

Not observed for 9/06, and waiver granted at P1R5R6. Introduced as prior action for completion of the fifth and sixth reviews, and met.

5

2

2006-09-15

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

20.1

1.1. Revenue measures, excluding trade policy

Implementation of comprehensive tax reform

2

10/31/2006

MOD-DATE

At P1R4, modifications of dates requested from 10/31/06 to 9/15/06.

5

2

2006-10-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

20.4

1.4. Combined expenditure and revenue measures

Submit to congress a 5-year spending plan, complemented with revenue projections and deficit targets consistent with the program's fiscal targets

1

08/31/2005

M

N/A

5

1

2005-08-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

20.4

1.4. Combined expenditure and revenue measures

Have in place a 5-year spending plan, complemented with revenue projections and deficit targets consistent with the program's fiscal targets.

2

02/28/2006

M

N/A

5

2

2006-02-28

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

23.1

4.1. Pension reforms

Begin to implement reform of pension fund for police

1

11/30/2005

WMOD-DATE

At P1R2, not observed, waiver granted, and new May 31, 2006 test date set.

5

1

2005-11-30

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

23.1

4.1. Pension reforms

Begin to implement reform of pension fund for police

1

05/31/2006

WMOD-DATE

At P1R4, not observed, waived, and reset for end-October 2006.

5

1

2006-05-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

23.1

4.1. Pension reforms

Begin to implement reform of pension fund for police

1

10/31/2006

W

At P1R5R6, not observed. To be implemented in 2007.

5

1

2006-10-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

23.1

4.1. Pension reforms

Submit to Congress reform of the pension fund for the military and bank employees

2

11/30/2006

W

At P1R5R6, not observed. To be implemented in 2007.

5

2

2006-11-30

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

23.1

4.1. Pension reforms

Begin to implement the reform of the pension fund for the military and bank employees.

3

05/31/2007

CAN

At P1R5R6, SBA arrangment cancelled effective December 27, 2006.

5

3

2007-05-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submission of laws that (i) give apppropriate autonomy to the central bank; (ii) strenghten the regulation of the financial system; (iii) provide a suitable bank resolution framework.

1

12/31/2005

W

At P1R2, nonobservance due to the decision to keep the financial sector supervisory authority within the BCU. Fund staff supports this decision.

5

1

2005-12-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Implementation of laws that (i) give apppropriate autonomy to the central bank; (ii) strenghten the regulation of the financial system; (iii) provide a suitable bank resolution framework.

2

06/30/2006

MOD-DATE

At P1R2, this spc modified to accomodate that the supervisory authority remains within the central bank, yet maintaining 6/30/06 test date.

5

2

2006-06-30

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Implementation of laws that (i) give apppropriate autonomy to the central bank; (ii) strenghten the regulation of the financial system; (iii) provide a suitable bank resolution framework.

2

11/30/2006

W

At P1R4, test date modified from 6/30/06 to 11/30/2006 to accomdate the revised congressional agenda.At P1R5R6, not observed, and waived. To be implemented in 2007.

5

2

2006-11-30

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Government to ensure timely service of BHU (housing bank) note and BROU fiduciary notes to BROU bank in accordance with the current payment schedules

1

06/30/2005

M

Met for P1R1.

5

1

2005-06-30

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Government to ensure timely service of BHU (housing bank) note and BROU fiduciary notes to BROU bank in accordance with the current payment schedules

1

09/30/2005

M

Met for P1R2.

5

1

2005-09-30

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Government to ensure timely service of BHU (housing bank) note and BROU fiduciary notes to BROU bank in accordance with the current payment schedules

1

12/31/2005

M

Met for P1R3.

5

1

2005-12-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Government to ensure timely service of BHU (housing bank) note and BROU fiduciary notes to BROU bank in accordance with the current payment schedules

1

03/31/2006

M

Met for P1R4.

5

1

2006-03-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Government to ensure timely service of BHU (housing bank) note and BROU fiduciary notes to BROU bank in accordance with the current payment schedules

1

06/30/2006

M

N/A

5

1

2006-06-30

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Government to ensure timely service of BHU (housing bank) note and BROU fiduciary notes to BROU bank in accordance with the current payment schedules

1

09/30/2006

M

Met for P1R5R6.

5

1

2006-09-30

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Government to ensure timely service of BHU (housing bank) note and BROU fiduciary notes to BROU bank in accordance with the current payment schedules

1

Continuous

PC

At P1R5R6, SBA arrangment cancelled, effective December 27, 2006.

5

1

2023-09-23

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Adopt action plan to address the financial situation of BHU (Housing bank) consistent with minimizing systemic risks and contingent fiscal costs.

2

12/31/2005

M

N/A

5

2

2005-12-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Move nonperforming loans into a fideicomiso and adequately capitalize BHU (Housing bank).

3

08/31/2006

W

At P1R5R6, waived. Remedial actions taken in mid-November 2006.

5

3

2006-08-31

N/A

558

URUGUAY

298

SBA

2005-06-08

2,005

2008-06-07

2,008

2006-12-27

N/A

2006-12-22

P1

R5R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Transform BHU (Housing bank) into an institution with a viable business plan and a strong regulatory framework

4

11/30/2006

W

At P1R5R6, not met for 11/06 test date, and waived. To be implemented in 2007.

5

4

2006-11-30

N/A

653

YEMEN,REPUBLIC OF

474

ECF

2010-07-30

2,010

2013-07-29

2,013

2012-04-04

N/A

2010-07-30

P1

R0

EL

PA

20.1

1.1. Revenue measures, excluding trade policy

Full implementation of the General Sales Tax (GST) law.

1

Program Prior Action

M

Objective: Broaden tax base and improve revenue.

0

1

2023-09-23

N/A

653

YEMEN,REPUBLIC OF

474

ECF

2010-07-30

2,010

2013-07-29

2,013

2012-04-04

N/A

2010-07-30

P1

R0

EL

PA

24.3

5.3. Price controls and marketing restrictions

Increase domestic fuel prices by Yrls 5 per liter on petroleum derivatives.

1

Program Prior Action

M

Objective: expenditure control

0

1

2023-09-23

N/A

653

YEMEN,REPUBLIC OF

474

ECF

2010-07-30

2,010

2013-07-29

2,013

2012-04-04

N/A

2010-07-30

P1

R0

EL

SB

20.1

1.1. Revenue measures, excluding trade policy

Reduce corporate income tax rate from 35 percent to 20 percent (15 percent for investment projects), while simultaneously eliminating tax and customs (except for fixed assets and 50 percent of raw materials for industrial use) exemptions under the Investment Law.

1

09/30/2010

SB

Introduced at R0. Objective: Broaden tax base and improve revenue.

0

1

2010-09-30

N/A

653

YEMEN,REPUBLIC OF

474

ECF

2010-07-30

2,010

2013-07-29

2,013

2012-04-04

N/A

2010-07-30

P1

R0

EL

SB

20.3

1.3. Expenditure measures, including arrears clearance

Gradual adjustment of fuel prices to achieve net fiscal savings of Yrls 56 bln (0.8 percent of GDP).

1

12/31/2010

SB

Introduced at R0. Objective: Expenditure control.

0

1

2010-12-31

N/A

653

YEMEN,REPUBLIC OF

474

ECF

2010-07-30

2,010

2013-07-29

2,013

2012-04-04

N/A

2010-07-30

P1

R0

EL

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Create a cash management unit in the ministry of finance in order to better control government spending.

1

09/30/2010

SB

Introduced at R0. Objective: Expenditure control/budget execution.

0

1

2010-09-30

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

PA

20.3

1.3. Expenditure measures, including arrears clearance

Council of Ministers to approve a decision allowing the private sector to import part of its diesel usage (in the range of 35,000-50,000 tons per month) at international prices by end-June 2014.

1

Program Prior Action

M

Objective: Improve fiscal sustainability and ease fuel shortages.

0

1

2023-09-23

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

PA

20.5

1.5. Debt Management

CBY and MOF to sign a Memorandum of Understanding for reducing the MOF central government debt to the central bank in line with legal limits over the coming seven years, by a minimum of 15 percent annually starting in 2017.

1

Program Prior Action

M

Objective: Enhance fiscal discipline.

0

1

2023-09-23

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Council of Ministers to adopt an action plan to move progressively from cash payments for wages and salaries to payments using bank accounts and postal offices within two years (1st year: for civil servants and Ministry of Interior; 2nd year: for Ministry of Defense).

1

Program Prior Action

M

Objective: Eliminate ghost workers and contain the wage bill.

0

1

2023-09-23

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

CBY and MOF to sign a Memorandum of Understanding on the use of Fund resources, which specifies responsibilities for timely servicing financial obligations to the Fund and for maintenance of a specific government account at the CBY to receive the Fund financing.

2

Program Prior Action

M

Objective: Safeguard Fund resources.

0

2

2023-09-23

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

CBY to publish on its website the full set of audited financial statements, including the audit opinion for the financial year 2013. Adopt a Board resolution to publish CBY annual statements within four months of the end of the financial year for all subsequent years.

1

Program Prior Action

M

Objective: Promote transparency and good governance of the central bank.

0

1

2023-09-23

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

PA

22

3. Civil service and public employment reforms, and wages

Council of Ministers to approve a decision requiring completion of the full implementation of the biometric identification system throughout the general civil service including the military and police by end 2014.

1

Program Prior Action

M

Objective: Reduce ghost workers and double-dippers.

0

1

2023-09-23

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20

1. General government

Cabinet to approve a strategy for transferring the treasury functions from the CBY to the Minister of Finance in line with recent FAD TA recommendations through the support of a resident expert.

1

12/31/2014

SB

Introduced at R0. Objecitve: Enhance fiscal institutional capacity.

0

1

2014-12-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.1

1.1. Revenue measures, excluding trade policy

MOF to complete the study to assess the revenue impact of the application of income tax to all interest earnings including individuals.

1

12/31/2014

SB

Introduced at R0. Objective: Enhance revenue collection process.

0

1

2014-12-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.2

1.2. Revenue administration, including customs

Refrain from introducing any new measures that aim at expanding the scope of tax and customs exemptions, including through any amendments to the 2010 Investment Law.

1

Continuous

SB

Introduced at R0. Objective: Minimize distortions/protect revenue base.

0

1

2023-09-23

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.2

1.2. Revenue administration, including customs

Issue Ministerial directive to establish a tax fraud investigation unit to strengthen ex-post controls and improve tax compliance.

2

10/31/2014

SB

Introduced at R0. Objective: Enhance revenue collection process.

0

2

2014-10-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.2

1.2. Revenue administration, including customs

Implement measures to stabilize the GST and increase filing and payment compliance of registered large taxpayers to 65 percent in line with FAD recommendations.

3

12/31/2014

SB

Introduced at R0. Objective: Enhance revenue mobilization.

0

3

2014-12-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.2

1.2. Revenue administration, including customs

Implement measures to stabilize the GST and increase filing and payment compliance of registered large taxpayers to 75 percent in line with FAD recommendations.

4

12/31/2015

SB

Introduced at R0. Objective: Enhance revenue mobilization.

0

4

2015-12-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.2

1.2. Revenue administration, including customs

Implement measures to stabilize the GST and increase filing and payment compliance of registered large taxpayers to 80 percent in line with FAD recommendations.

5

12/31/2016

SB

Introduced at R0. Objective: Enhance revenue mobilization.

0

5

2016-12-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.2

1.2. Revenue administration, including customs

Introduce a post-clearance audit program at the customs in line with FAD recommendations.

6

06/30/2015

SB

Introduced at R0. Objective: Enhance revenue collection.

0

6

2015-06-30

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.2

1.2. Revenue administration, including customs

Simplify tax litigation process by eliminating the dispute committee and limiting the appeal process to the court of first instance and the court of appeals.

7

06/30/2015

SB

Introduced at R0. Objective: Enhance revenue collection process.

0

7

2015-06-30

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.2

1.2. Revenue administration, including customs

Produce a full assessment of tax and customs exemptions and reduced customs and tax rates; and assess the impact on revenues.

8

09/30/2015

SB

Introduced at R0. Objective: Minimize distortions/protect the revenue base.

0

8

2015-09-30

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.3

1.3. Expenditure measures, including arrears clearance

MOF to complete the review of total arrears, develop a gradual program for settlement of these arrears, and prepare quarterly reports on the stock of arrears.

1

12/31/2014

SB

Introduced at R0. Objective: Enhance fiscal discipline.

0

1

2014-12-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

55 Ministries and spending units shall submit to the Minister of Finance, the standard monthly reports, produced using the Automated Financial and Management Accounting System (AFMIS).

1

06/30/2015

SB

Introduced at R0. Objective: Improve budget execution and reporting.

0

1

2015-06-30

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Convene periodic meetings (quarterly) with major donors to review and evaluate progress of projects implementation.

2

12/31/2014

SB

Introduced at R0. Objective: Speed up disbursement of external funding.

0

2

2014-12-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

21.1

2.1. Central bank operations and reforms

CBY to implement the automatic data entry to supervisory reporting system, which includes the regular call reports sent by banks to the CBY.

1

06/30/2015

SB

Introduced at R0. Objective: Reduce human errors in the data used for assessing financial stability and improve risk assessment.

0

1

2015-06-30

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

21.1

2.1. Central bank operations and reforms

Start the review of the Central Bank law with a view to further strengthen its independence, and incorporate the proposed amendments to the banking law, including amendments to strengthen bank resolution powers and present draft law to parliament.

2

03/31/2015

SB

Introduced at R0. Objective: Enhance financial stability.

0

2

2015-03-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

23.2

4.2. Other social sector reforms (e.g., social safety nets, health and education)

Complete a survey of SWF beneficiaries with a view to improve targeting (with donors support).

1

06/30/2015

SB

Introduced at R0. Objective: Protect the poor.

0

1

2015-06-30

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

24

5. Public enterprise reform and pricing (non financial sector)

Expand the roll out of prepaid electricity meters to two additional districts in the Capital City.

1

06/30/2015

SB

Introduced at R0. Objective: Helping improve the financial position of the sector quickly.

0

1

2015-06-30

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

24

5. Public enterprise reform and pricing (non financial sector)

Revise the Independent Power Producers (IPP) fuel purchasing arraignments. Fuel to be purchased directly by the IPPs at the unified price.

2

12/31/2014

SB

Introduced at R0. Objective: Reduce inefficiencies in the fuel products supply chain.

0

2

2014-12-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

24

5. Public enterprise reform and pricing (non financial sector)

Change the mechanism of providing subsidized fuel to the EC to compute subsidy on energy sold and revenues actually collected from consumers.

3

12/31/2014

SB

Introduced at R0. Objective: Reduce inefficiencies in the fuel products supply chain.

0

3

2014-12-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

24.1

5.1. Public enterprise pricing and subsidies

Cabinet to increase the domestic price of gasoline, diesel, and Kerosene by 50 Yrls per liter and Yrls 800 per gas cylinder (to Yrls 175, Yrls 150, Yrls 150, and Yrls 2000, respectively). Increase SWF monthly allocations per beneficiary by 50 percent.

1

10/01/2014

SB

Introduced at R0. Objective: Improve fiscal sustainability/Protect the poor.

0

1

2014-10-01

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

24.1

5.1. Public enterprise pricing and subsidies

Cabinet to adopt a fuel “pricing mechanism” that would allow domestic prices to move in response to increases in international prices.

2

03/31/2015

SB

Introduced at R0. Objective: Reduce impact on budget/Improve fiscal sustainability.

0

2

2015-03-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

CBY to put in place the prudential framework for Islamic banking, including reporting requirements.

1

03/31/2015

SB

Introduced at R0. Objective: Ensure financial stability.

0

1

2015-03-31

N/A

718

YEMEN,REPUBLIC OF

474

ECF

2014-09-02

2,014

2017-09-01

2,017

2016-03-31

N/A

2014-09-02

P1

R0

EL

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Integrate stress testing in the risk management practices of banks by issuing prudential regulations and guidelines.

2

03/31/2015

SB

Introduced at R0. Objective: Enhance financial stability.

0

2

2015-03-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Cabinet approval of the PEMFA program

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submission to Cabinet, for consideration and approval, of an action plan for initial implementation of the Financial Sector Development Plan

1

Program Prior Action

M

FSAP is the source for this prior action

0

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Define a policy for the granting of tax concessions

1

09/30/2004

SB

N/A

0

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

SB

20.3

1.3. Expenditure measures, including arrears clearance

Start negotiations for settlement of domestic arrears identified in the multiyear plan for clearing domestic arrears

1

07/30/2004

SB

N/A

0

1

2004-07-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

SB

20.5

1.5. Debt Management

Unforeseen expenditures will be funded only to the limits of the budget contingency or after Cabinet approval including the identification of savings elsewhere in the budget

1

Continuous

SB

Continous beginning July 2004.

0

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Award a contract for the supply and installation of the hardware and software needed to implement the IFMIS

1

06/30/2004

SB

Contract was awarded in September 2004.

0

1

2004-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication of quarterly budget execution reports using the activity-based budgeting classification, within 45 days of the end of each quarter

1

Quarterly

SB

Beginning end-September 2004.

0

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

SB

25.2

6.2. Restructuring and privatization of financial institutions

Cabinet approval of a proposal to repeal sections of the Building Societies Act, the National Savings and Credit Bank Act and the Development Bank of Zambia Amendment Act which are in conflict with the Banking and Financial Services Act.

1

11/30/2004

SB

FSAP is the source of the condition

0

1

2004-11-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

The government will refrain from paying any amounts for which it is not legally liable and which are not included in the budget

1

Quarterly

PC

N/A

0

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Initiate the pilot implementation of the IFMIS in at least three line ministries

2

09/30/2004

PC

N/A

0

2

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-06-16

P1

R0

E

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the government and the Bank of Zambia of action plans finalized in consultation with the World Bank and IMF staff, for the resolution of the Zambia Building Society, the National Savings and Credit Bank and the Development Bank of Zambia

1

10/30/2004

PC

FSAP is the source of the conditions

0

1

2004-10-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Cabinet approval of the PEMFA reform program.

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submission to Cabinet, for consideration and approval, of an action plan for initial implementation of the Financial Sector Development Plan

1

Program Prior Action

M

FSAP is the source for this prior action

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

PA

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the Government and the Bank of Zambia of action plans, finalized in consultation with the World Bank and IMF staff, for the resolution of the National Savings and Credit Bank and the Development Bank of Zambia.

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

20.2

1.2. Revenue administration, including customs

Define a policy for the granting of tax concessions

1

09/30/2004

NM

The cabinet is still discussing alternative policy frameworks on the basis of their expected effects on foreign direct investment and the revenue base.

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Start negotiations for settlement of domestic arrears identified in the multiyear plan for clearing domestic arrears

1

07/30/2004

M

N/A

1

2004-07-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

20.5

1.5. Debt Management

Unforeseen expenditures will be funded only to the limits of the budget contingency or after Cabinet approval including the identification of savings elsewhere in the budget

1

09/30/2004

M

Met for P1R1.

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

20.5

1.5. Debt Management

Unforeseen expenditures will be funded only to the limits of the budget contingency or after Cabinet approval including the identification of savings elsewhere in the budget

1

Continuous

SB

Continous beginning July 2004.

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Award a contract for the supply and installation of the hardware and software needed to implement the IFMIS

1

06/30/2004

MD

Contract was awarded in September 2004.

1

2004-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication of quarterly budget execution reports using the activity-based budgeting classification, within 45 days of the end of each quarter

1

09/30/2004

M

Met for P1R1.

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication of quarterly budget execution reports using the activity-based budgeting classification, within 45 days of the end of each quarter

1

Quarterly

SB

Beginning end-September 2004.

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Adopt a definition of poverty reducing spending corresponding to the priorities of the government PRSP and use this in the preparation of the budget for 2005.

1

01/31/2005

SB

N/A

1

2005-01-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Cabinet approval of a proposal to repeal sections of the Building Societies Act, the National Savings and Credit Bank Act and the Development Bank of Zambia Amendment Act which are in conflict with the Banking and Financial Services Act.

1

11/30/2004

MOD-SPC

N/A

1

2004-11-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the government and the Bank of Zambia of action plans finalized in consultation with the World Bank and IMF staff, for the resolution of the Zambia National Buiding Society (ZNBS), the National Savings and Credit Bank (NSCB), and the Development Bank of Zambia (DBZ).

2

10/31/2004

MOD-PA

At P1R1, not observed. Action plans for the NSCB and the DBZ were adopted in November 2004. The plan for the ZNBS is expected to be adopted by April 2005. Reintroduced as "adoption by the government and the Bank of Zambia of action plans finalized in consultation with the World Bank and IMF staff, for the resolution of the Zambia Building Society" with 4/30/2005 test date.

1

2

2004-10-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the government and the Bank of Zambia of action plans finalized in consultation with the World Bank and IMF staff, for the resolution of the Zambia National Buiding Society (ZNBS),

3

04/30/2005

SB

N/A

1

3

2005-04-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

The government will refrain from paying any amounts for which it is not legally liable and which are not included in the budget

1

09/30/2004

M

Met for P1R1.

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

The government will refrain from paying any amounts for which it is not legally liable and which are not included in the budget

1

Quarterly

PC

N/A

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Initiate the pilot implementation of the IFMIS in at least three line ministries

2

09/30/2004

WMOD-DATE

Not observed, owing to delays in the signing of the contract.Test date changed.

1

2

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Initiate the pilot implementation of the IFMIS in at least three line ministries

2

06/30/2005

PC

N/A

1

2

2005-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Adopt a work program covering the first year of the implementation of the public expenditure management and financial accountability (PEMFA) reform program.

3

01/31/2005

PC

N/A

1

3

2005-01-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Report on the findings of a preliminary review of the piloting of the IFMIS in at least three line ministries.

4

12/31/2005

PC

N/A

1

4

2005-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the government and the Bank of Zambia of action plans finalized in consultation with the World Bank and IMF staff, for the resolution of the Zambia Building Society, the National Savings and Credit Bank and the Development Bank of Zambia

1

10/30/2004

WMOD-SB

At P1R1, action plans for the NSCB and the DBZ were adopted in November 2004. PC modified to: "Adoption by the government and the Bank of Zambia of action plan, finalized in consultation with the World Bank and IMF staff, for the resolution of the Zambia Building Society" with 4/05 test date.

1

2004-10-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2004-12-16

P1

R1

BLANK

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Cabinet approval of a proposal to repeal the sections of the Building Societies Act, the National Savings and Credit Bank Act, and the Development bank of Zambia Amendment Act that are in conflict with the Banking and Financial Services Act.

2

02/28/2005

PC

N/A

1

2

2005-02-28

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

BLANK

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Cabinet approval of the PEMFA reform program.

1

Program Prior Action

M

N/A

2

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

BLANK

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submission to Cabinet, for consideration and approval, of an action plan for initial implementation of the Financial Sector Development Plan

1

Program Prior Action

M

FSAP is the source for this prior action

2

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

BLANK

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Cabinet approval of a proposal to repeal sections of the Buiulding Societies Act, the National Savings and Credit Bank Act and the Development Bank of Zambia Amendment Act which are in conflict with the Banking and Financial Services Act

2

Second Review Prior action

M

N/A

2

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

BLANK

PA

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the Government and the Bank of Zambia of action plans, finalized in consultation with the World Bank and IMF staff, for the resolution of the National Savings and Credit Bank and the Development Bank of Zambia.

1

First Review Prior action

M

N/A

2

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Define a policy for the granting of tax concessions

1

09/30/2004

NM

The cabinet is still discussing alternative policy frameworks on the basis of their expected effects on foreign direct investment and the revenue base.

2

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Start negotiations for settlement of domestic arrears identified in the multiyear plan for clearing domestic arrears

1

07/30/2004

M

N/A

2

1

2004-07-30

N/A