TohidA/MONA · Datasets at Hugging Face

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

Prepare and publish the first draft ("Green Paper") of the MTEF for 2006-2008

2

08/30/2005

SB

N/A

2

2005-08-30

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

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

09/30/2004

M

Met for P1R1.

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

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

12/30/2004

M

Met for P1R2.

2

1

2004-12-30

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

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

Continuous

SB

Continuous beginning July 2004.

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

20.6

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.

2

1

2004-06-30

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

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue new regulations and revised accounting manuals for the new Finance Act

2

09/30/2005

SB

N/A

2

2005-09-30

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

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with the PEMFA Technical Working Group, design a cash-flow framework for all line ministries

3

05/31/2005

SB

N/A

2

3

2005-05-31

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

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with the PEMFA Technical Working Group, finalize a framework for monitoring and evaluating the PEMFA program

4

05/31/2005

SB

N/A

2

4

2005-05-31

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

20.6

1.6. Expenditure auditing, accounting, and financial controls

Complete review of the implementation of the PEMFA program

5

11/30/2005

SB

N/A

2

5

2005-11-30

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

20.7

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.

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

20.7

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

12/31/2004

NM

Not met for P1R2. End-September '04 budget execution report data posted on the website on 12/29/04.

2

1

2004-12-31

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

20.7

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.

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

20.8

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

M

N/A

2

1

2005-01-31

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

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

2

1

2004-11-30

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

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.

2

2004-10-31

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

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

2

3

2005-04-30

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

30.1

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

The NSCB and the DBZ submit to the BoZ plans for their incorporation in 2006 under the Companies Act.

1

12/31/2005

SB

N/A

2

1

2005-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

BLANK

SPC

20.5

1.5. Debt Management

Beginning with the second quarter of 2005, validate end-quarter external debt stock data and, within 45 days, provide updated 3-year schedule of debt service falling due

1

Quarterly

PC

At P1R2, test date set to continuous from 8/30/2005.

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

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.

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

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

12/31/2004

M

Met for P1R2.

2

1

2004-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

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

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

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

At P1R1, not observed, owing to delays in the signing of the contract. Test date changed to 6/30/05.

2

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

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

2

2005-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Adopt a work program covering the first year of the implementation of the PEMFA reform program.

3

01/31/2005

M

N/A

2

3

2005-01-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

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

2

4

2005-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

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 from "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" to a the following SB "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.

2

1

2004-10-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2005-04-08

P1

R2

BLANK

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

W

Not observed at P1R2, changed to PA for second review.

2

2005-02-28

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

3

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

2

Program Prior Action

M

FSAP is the source for this prior action

3

2

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

3

Second Review Prior action

M

N/A

3

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

3

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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.

3

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

3

1

2004-07-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Prepare and publish the first draft ("Green Paper") of the MTEF for 2006-2008

2

08/30/2005

MD

At P1R3, Cabinet discussed the first draft of the MTEF in early November, after which the MTEF was made public.

3

2

2005-08-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Submit to Cabinet the first draft ("Green Paper") of the Medium_term Expenditure Framework (MTEF) for 2007-2009.

3

08/30/2006

SB

N/A

3

2006-08-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

09/30/2004

M

Met for P1R1.

3

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

12/30/2004

M

Met for P1R2.

3

1

2004-12-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

09/30/2005

M

Met for P1R3.

3

1

2005-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

Continuous

SB

Continuous beginning July 2004.

3

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.5

1.5. Debt Management

The MoFNP will issue an annual report on external debt management operations during 2005.

2

06/30/2006

SB

N/A

3

2

2006-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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.

3

1

2004-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue new regulations and revised accounting manuals for the new Finance Act.

2

09/30/2005

MOD-DATE

At P1R3, an initial draft of the regulations was prepared with technical assistance from an IMF-supported expert in July-August, and was circulated for comments. The MoFNP is drafting the corresponding manual detailing operational procedures. With further assistance from the expert, the regulations and manuals will be finalized in early 2006.

3

2

2005-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue new regulations and revised accounting manuals for the new Finance Act.

2

03/31/2006

SB

N/A

3

2

2006-03-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with the PEMFA Technical Working Group, design a cash-flow framework for all line ministries

3

05/31/2005

MD

At P1R3, the cash-flow framework was implemented in all line ministries in August. The framework has also been implemented in provinces and spending agencies. Implementation of the framework was done without consultation with the PEMFA Joint Technical Working Group (JTWG), but user manuals were later sent to lead donors in the JTWG.

3

2005-05-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with the PEMFA Technical Working Group, finalize a framework for monitoring and evaluating the PEMFA program

4

05/31/2005

MD

At P1R3, the framework was completed in July and approved by the PEMFA Steering Committee in August.

3

4

2005-05-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Complete review of the implementation of the PEMFA program

5

11/30/2005

M

N/A

3

5

2005-11-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue summary tables, developed in consultation with the PEMFA Joint Technical Working Group (JTWG), using activities based budgeting classification and identifying poverty reducing programs.

6

03/31/2006

SB

N/A

3

6

2006-03-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with the PEMFA JTWG, issue (i) accountability rules and procedures under the new cash management framework and (ii) corresponding administrative procedures for enforcement, to ensure the timely release of funds by the Ministry of Finance and National Planning.

7

03/31/2006

SB

N/A

3

7

2006-03-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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.

3

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

12/31/2004

NM

Not met for P1R2. End-September '04 budget execution report data posted on the website on 12/29/04.

3

1

2004-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

09/30/2005

M

Met for P1R3.

3

1

2005-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

N/A

3

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

M

N/A

3

1

2005-01-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

ZESCO's management will provide all the necessary financial, technical, and managerial information to the World Bank and the IMF for an assessment of Zesco's performance in line with the conditions for reaching the evaluation point under the commercialization process.

1

04/30/2006

SB

N/A

3

1

2006-04-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit to cabinet a proposal for the legal framework establishing a credit reference bureau, including the necessary amendments to privacy laws.

1

06/30/2006

SB

N/A

3

1

2006-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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).

1

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.

3

1

2004-10-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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.

2

11/30/2004

MOD-SPC

Not met for P1R1, changed to PC for R2.

3

2

2004-11-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

MD

At P1R3, the Minister of Finance and National Planning approved the BoZ's recommended plan in August.

3

2005-04-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Execute the action plan adopted by the Government on the resolution of the Zambia National Building Society.

4

06/30/2006

SB

N/A

3

4

2006-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

30.1

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

The NSCB and the DBZ submit to the BoZ plans for their incorporation in 2006 under the Companies Act.

1

12/31/2005

M

N/A

3

1

2005-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SB

30.1

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

Incorporate the National Savings and Credit Bank (NSCB) and the Development Bank of Zambia (DBZ) under the Companies Act.

2

12/31/2006

SB

N/A

3

2

2006-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SPC

20.5

1.5. Debt Management

Beginning with the second quarter of 2005, validate end-quarter external debt stock data and, within 45 days, provide updated 3-year schedule of debt service falling due

1

09/30/2005

M

Met for P1R3.

3

1

2005-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SPC

20.5

1.5. Debt Management

Beginning with the second quarter of 2005, validate end-quarter external debt stock data and, within 45 days, provide updated 3-year schedule of debt service falling due

1

Quarterly

PC

At P1R2, test date set to continuous from 8/30/2005.

3

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SPC

20.5

1.5. Debt Management

The Investment and Debt Management Department (IDM) of the MoFNP will validate the stock of onlending agreements with a view to effectively enforcing these agreements. The IDM will report to the Secretary of Treasury on the validation of these agreements.

2

06/30/2006

PC

N/A

3

2

2006-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

BLANK

SPC

20.5

1.5. Debt Management

The IDM will validate the stock of government contingent external liabilities, including loan guarantees, and pension obligations. The IDM will report to the Secretary of Treasury on the validation of these liabilities.

3

12/31/2006

PC

N/A

3

2006-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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.

3

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

12/31/2004

M

Met for P1R2.

3

1

2004-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

09/30/2005

M

Met for P1R3.

3

1

2005-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

3

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

At P1R1, not observed, owing to delays in the signing of the contract. Test date changed to 6/30/05.

3

2

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

MOD-DATE

At P1R3, test date changed to 9/30/2006.

3

2

2005-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

09/30/2006

PC

N/A

3

2

2006-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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 PEMFA reform program.

3

01/31/2005

M

N/A

3

2005-01-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

MOD-DATE

At P1R3, test date changed to 3/31/2007.

3

4

2005-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

03/31/2007

PC

N/A

3

4

2007-03-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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 from "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" to a the following SB "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.

3

1

2004-10-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-01-11

P1

R3

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

MOD-PA

Not observed at P1R2, changed to PA for second review. Transformed from SB.

3

2

2005-02-28

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

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

4

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

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

4

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

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

4

2

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

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

4

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

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.

4

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

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

4

1

2004-07-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Prepare and publish the first draft ("Green Paper") of the MTEF for 2006-2008

2

08/30/2005

MD

At P1R3, Cabinet discussed the first draft of the MTEF in early November, after which the MTEF was made public.

4

2

2005-08-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Submit to Cabinet the first draft ("Green Paper") of the Medium_term Expenditure Framework (MTEF) for 2007-2009.

3

08/30/2006

SB

N/A

4

3

2006-08-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

09/30/2004

M

Met for P1R1.

4

1

2004-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

12/30/2004

M

Met for P1R2.

4

1

2004-12-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

09/30/2005

M

Met for P1R3.

4

1

2005-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

12/31/2005

M

Met for P1R4.

4

1

2005-12-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.5

1.5. Debt Management

Unbudgeted expenditure requirements will be funded only to the limits of the contingency resources indicated in the budget or only after the Cabinet has approved any changes by finding compensatory funding within the approved budget ressources

1

Continuous

SB

Continuous beginning July 2004.

4

1

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.5

1.5. Debt Management

The MoFNP will issue an annual report on external debt management operations during 2005.

2

06/30/2006

SB

N/A

4

2

2006-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue new regulations and revised accounting manuals for the new Finance Act

1

09/30/2005

MOD-DATE

At P1R3, an initial draft of the regulations was prepared with technical assistance from an IMF-supported expert in July-August, and was circulated for comments. The MoFNP is drafting the corresponding manual detailing operational procedures. With further assistance from the expert, the regulations and manuals will be finalized in early 2006.

4

1

2005-09-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue new regulations and revised accounting manuals for the new Finance Act

1

03/31/2006

SB

N/A

4

1

2006-03-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with the PEMFA Technical Working Group, design a cash-flow framework for all line ministries

2

05/31/2005

MD

At P1R3, the cash-flow framework was implemented in all line ministries in August. The framework has also been implemented in provinces and spending agencies. Implementation of the framework was done without consultation with the PEMFA Joint Technical Working Group (JTWG), but user manuals were later sent to lead donors in the JTWG.

4

2

2005-05-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with the PEMFA Technical Working Group, finalize a framework for monitoring and evaluating the PEMFA program

3

05/31/2005

MD

At P1R3, the framework was completed in July and approved by the PEMFA Steering Committee in August.

4

3

2005-05-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Complete review of the implementation of the PEMFA program

4

11/30/2005

M

N/A

4

2005-11-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

The Accountant General will, within 60 days of the end of each quarter, submit to the Secretary of the Treasury quarterly reports on compliance with the commitment control system by ministry, province, and spending agency.

5

Quarterly

SB

At P1R4, introduced as "continuous" beginning September 2006.

4

5

2023-09-23

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

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

6

06/30/2004

MD

Contract was awarded in September 2004.

4

6

2004-06-30

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue summary tables, developed in consultation with the PEMFA Joint Technical Working Group (JTWG), using activities based budgeting classification and identifying poverty reducing programs.

7

03/31/2006

MD

At P1R4, reports based on recommendations from the Budget Execution Working Group were implemented in May 2006.

4

7

2006-03-31

N/A

547

ZAMBIA

754

PRGF

2004-06-16

2,004

2007-06-15

2,007

N/A

2006-07-12

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

In consultation with the PEMFA JTWG, issue (i) accountability rules and procedures under the new cash management framework and (ii) corresponding administrative procedures for enforcement, to ensure the timely release of funds by the Ministry of Finance and National Planning.

8

03/31/2006

M

N/A

4

8

2006-03-31

N/A