TohidA/MONA · Datasets at Hugging Face

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Close 32 accounts of general government entities in commercial banks and transfer the balance to the Treasury Single Account.

3

06/30/2018

M

Rationale: Improve cash management

6

3

2018-06-30

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Prepare an arrears clearance plan and issue circulars to financial services of government entities providing directives to prevent arrears.

4

06/30/2018

M

Rationale: Set up a system to prevent accumulation of new arrears

6

4

2018-06-30

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

With a view to the transition to the program budgeting, develop a standard framework of performance indicators to define guiding principles and train stakeholders in ministries and institutions.

1

10/31/2019

M

Rationale: Optimize the use of budgetary resources.

6

1

2019-10-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

20.8

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

Adopt a budget for FY 2018 (consistent with the Fundsupported program) and put guidelines in place, by end-December 2017 (SB), to include in the 2019 budget only investment projects selected through cost-benefit or cost-effective analyses.

1

12/31/2017

MOD-SB

Rationale: Improve public investment management. At R1, this SB is split into two SBs with different test dates.

6

1

2017-12-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

20.8

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

Adopt a budget for FY 2018 consistent with the Fund-supported program.

2

12/31/2017

M

Rationale: Ensure fiscal sustainability At R1, modified from "Adopt a budget for FY 2018 (consistent with the Fund supported program) and put guidelines in place, by end-December 2017 (SB), to include in the 2019 budget only investment projects selected through cost-benefit or cost-effective analyses."

6

2

2017-12-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

20.8

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

Put guidelines in place to include in the 2019 budget only investment projects selected through cost-benefit or cost-effective analyses.

3

06/30/2018

MOD-DATE

Rationale: Improve public investment management At R1, modified from "Adopt a budget for FY 2018 (consistent with the Fund supported program) and put guidelines in place, by end-December 2017 (SB), to include in the 2019 budget only investment projects selected through cost-benefit or cost-effective analyses."

6

3

2018-06-30

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

20.8

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

Put guidelines in place to include in the 2019 budget only investment projects selected through cost-benefit or cost-effective analyses.

3

09/30/2018

MOD-SB

Rationale: Improve public investment management

6

3

2018-09-30

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

20.8

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

Adopt a FY2019 Budget in line with existing commitments under the ECF-supported program.

4

12/31/2018

MOD-PA

Rationale: Ensure fiscal and debt sustainability

6

4

2018-12-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

20.8

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

Send a circular to all line ministries to mandate the use of the methodological guidance on investment project selection, and henceforth include in the public investment plan and the budget only those that have been evaluated and selected based on this methodological guidance note.

5

12/31/2018

M

Rationale: Improve public investment management

6

5

2018-12-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

20.8

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

Develop a document for program-based budget covering 2020-22.

6

06/30/2019

M

Rationale: Improve public expenditure efficiency and effectiveness

6

2019-06-30

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Based on the findings of the independent audit of the two public banks, approve a comprehensive, timebound restructuring plan for the two public banks. If required, submit an application for the creation of a new bank to the WAEMU Banking Commission.

1

06/30/2017

NM

Rationale: Address the situation of nonviable financial entities by implementing least-cost resolution options

6

1

2017-06-30

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Complete the legal transfers required in the restructuring plan at the least cost possible to the government.

2

12/31/2017

MOD-DATE

Rationale: Address the situation of nonviable financial entities by implementing least-cost resolution options. Test date is reset at R1.

6

2

2017-12-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Complete the legal transfers required in the restructuring plan at the least cost possible to the government.

2

06/30/2018

NM

Rationale: Address the situation of nonviable financial entities by implementing least-cost resolution options

6

2

2018-06-30

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Produce and approve by the Ministry of Economy and Finance a comprehensive restructuring plan for the two public banks, and if required, submit an application to the WAMU banking commission for the creation of a new bank.

3

02/28/2018

MD

Rationale: Address the situation of nonviable financial entities by implementing least-cost resolution options

6

3

2018-02-28

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Put in place a mechanism which ensures full independence of the governance structure of the new public bank resulting from the merger of the two state-owned banks.

4

12/31/2018

MOD-SB

Rationale: Ensure financial stability and prevent risks to the budget

6

4

2018-12-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Finalize all legal and regulatory due diligence required for the privatization of BTCI and have a draft sale contract that could be submitted to the Banking Commission, pending agreement with the prospective buyer.

5

12/31/2018

NM

Rationale: Ensure financial stability and prevent risks to the budget

6

5

2018-12-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Draft the terms of reference for hiring a transaction advisor for the sale of UTB, in consultation with IMF staff.

6

12/31/2018

M

Rationale: Ensure financial stability and prevent risks to the budget

6

2018-12-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Draft a strategic plan and the terms for the tender of UTB, in consultation with IMF staff.

7

04/30/2019

NM

Rationale: Ensure financial stability and prevent risks to the budget

6

7

2019-04-30

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Launch the tender for the sale of UTB.

8

08/31/2019

MOD-PA

Rationale: Ensure financial stability and prevent risks to the budget

6

8

2019-08-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Submit a revised strategy for the privatization of BTCI which consists of launching by end-August 2019 a call for tenders and finalizing the privatization process by end-December 2019.

9

06/30/2019

M

Rationale: Ensure financial stability and prevent risks to the budget

6

9

2019-06-30

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Finalize the privatization process for BTCI.

10

12/31/2019

MOD-SB

Rationale: Ensure financial stability and prevent risks to the budget.

6

10

2019-12-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

Close the submission of preliminary bidding documents for the privatization of both public banks.

11

12/31/2019

NM

Rationale: Ensure financial stability and prevent risks to the budget.

6

11

2019-12-31

N/A

756

TOGO

742

ECF

2017-05-05

2,017

2020-05-04

2,020

2020-04-07

N/A

2020-04-03

P1

R6

L

SB

30.1

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

Put in place mechanisms and procedures to facilitate land registration.

1

12/31/2018

M

Rationale: Improve the business environment

6

1

2018-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Approval by the Council of Ministers of the corporate tax reform announcing the convergence of the tax rates of onshore and offshore sectors for 2014 and identification of countervailing measures to ensure a neutral impact on revenues.

1

07/31/2013

SB

Introduced at R0. Objective: Minimization of distortions, and tax fairness and simplification

0

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Merge at the level of the large taxpayer unit the management, tax collection, and control of large enterprises.

1

09/30/2013

SB

Introduced at R0. Objective: Broadening of the tax base

0

1

2013-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

20.4

1.4. Combined expenditure and revenue measures

Adoption of the Investment Code (tax measures will be referred to in the tax code).

1

07/31/2013

SB

Introduced at R0. Objective: Support for balanced growth driven by the private sector

0

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

21.1

2.1. Central bank operations and reforms

Ensure that the proportion of the refinancing volume at the CBT backed by government securities is at least 10 percent for each bank.

1

08/31/2013

SB

Introduced at R0. Objective: Enhancement of the monetary transmission mechanism

0

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

21.1

2.1. Central bank operations and reforms

Ensure that the proportion of the refinancing volume at the CBT that is backed by government securities is at least 20 percent for each bank.

2

12/31/2013

SB

Introduced at R0. Objective: Enhancement of the monetary transmission mechanism

0

2

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Publication of a circulaire by the CBT that announces a haircut on all loans used as collateral for refinancing operations at the central bank.

1

07/31/2013

SB

Introduced at R0. Objective: Enhancement of the monetary transmission mechanism

0

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

23.2

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

Submission to the Council of Ministers of a new targeted household support program to accompany the reform of generalized energy subsidies.

1

08/31/2013

SB

Introduced at R0. Objective: Protection of society's most vulnerable segments

0

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

24.2

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

Finalize the audit of the electricity company (STEG) and of the petroleum refinery company (STIR).

1

12/31/2013

SB

Introduced at R0. Objective: Lower fiscal risks

0

1

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

24.3

5.3. Price controls and marketing restrictions

Adoption of a Ministry of Industry decree approving a new automatic fuel pricing formula.

1

08/31/2013

SB

Introduced at R0. Objective: Lower energy subsidies

0

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

25

6. Financial sector

Adoption by the Council of Ministers of the strategic vision of the government's future role in banks, on the basis of the preliminary results from the audit of public banks.

1

09/15/2013

SB

Introduced at R0. Objective: Financial sector stability

0

1

2013-09-15

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Approval of the new reporting system architecture covering bank-related accounting, financial, and institutional functions.

1

08/31/2013

SB

Introduced at R0. Objective: Financial sector stability

0

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

General on-site inspection of one major bank and inspection of the credit risks of four other banks.

2

12/31/2013

SB

Introduced at R0. Objective: Financial sector stability

0

2

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Presentation to the board of the CBT of a study concerning the impact on banks of liquidity ratio changes toward international standards.

3

12/31/2013

SB

Introduced at R0. Objective: Financial sector stability

0

3

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2013-06-07

P1

R0

E

SB

26

7. Exchange systems and restrictions (current and capital)

Implementation of an electronic bank interlinking platform and launch of the Market Makers Agreement.

1

10/31/2013

SB

Introduced at R0. Objective: Greater exchange rate flexibility

0

1

2013-10-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Approval by the Council of Ministers of the corporate tax reform announcing the convergence of the tax rates of onshore and offshore sectors for 2014 and identification of countervailing measures to ensure a neutral impact on revenues.

1

07/31/2013

MD

Introduced at R0. Objective: Minimization of distortions, and tax fairness and simplification. At R1R2, MET, with delay. The reduction of the onshore corporate tax rate from 30 to 25 percent and the increase of the off-shore one from 0 to 10 percent was incorporated in the 2014 draft budget along with countervailing measures for the potential revenue loss. The draft budget has been approved by the Council of Ministers on November 18, 2013 and has been adopted by Parliament on December 30, 2013.

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Government approval of a new tax code.

2

09/30/2014

SB

Introduced at R1R2. Objective: Enhance revenue collection

1

2

2014-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Merge at the level of the large taxpayer unit the management, tax collection, and control of large enterprises.

1

09/30/2013

MD

Introduced at R0. Objective: Broadening of the tax base. At R1R2, MET, with delay. The different functions have been put together in one unit.

1

2013-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Implementation by the Ministry of Finance of a plan to modernize tax administration.

2

03/31/2014

SB

Introduced at R1R2. Objective Enhance revenue administration

1

2

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

20.4

1.4. Combined expenditure and revenue measures

Adoption of the Investment Code (tax measures will be referred to in the tax code).

1

07/31/2013

MD

Introduced at R0. Objective: Support for balanced growth driven by the private sector. At R1R2, MET, with delay. The new code was approved by the Council of Ministers in November 2013. Next step in this area will be the drafting of the implementation decrees that should accompany ratification by Parliament.

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Unification of government accounts into a Single Treasury Account (formulation to be revised for project loans).

1

03/31/2014

SB

Introduced at R1R2. Objective: Public financial management

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Prepare a consolidated balance of 20 main public enterprises (2010-2012)

2

06/30/2014

SB

Introduced at R1R2. Objective: Improvement of budgetary control and reduce fiscal risks

1

2

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Ensure that the proportion of the refinancing volume at the CBT backed by government securities is at least 10 percent for each bank.

1

08/31/2013

M

Introduced at R0. Objective: Enhancement of the monetary transmission mechanism. At R1R2, MET. The circulaire has been published and the SB has started.

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Ensure that the proportion of the refinancing volume at the CBT that is backed by government securities is at least 20 percent for each bank.

2

12/31/2013

M

Introduced at R0. Objective: Enhancement of the monetary transmission mechanism. At R1R2, MET. The circulaire has been adopted, and the SB will be met at the time of its implementation.

1

2

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Submission to the Central Bank Board of a draft Central Banking law in line with international practices.

3

06/30/2014

SB

Introduced at R1R2. Objective: Financial sector stability

1

3

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Development and implementation of the new reporting system and bank classification system.

4

12/31/2014

SB

Introduced at R1R2. Objective: Financial sector stability

1

4

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Presentation to the Central Bank board of the impact study for removing the upper limit for excessive rates for enterprises and to modify it for consumers.

5

03/31/2014

SB

Introduced at R1R2. Objective: Financial system stability and better transmission of monetary mechanisms.

1

5

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Implement an increase of the haircut for loans used as collateral for refinancing operations to at least 25 percent.

6

03/31/2014

SB

Introduced at R1R2. Objective: Enhancement of the monetary transmission mechanism

1

6

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Establishment of the lender of last resort facility.

7

06/30/2014

SB

Introduced at R1R2. Objective: Financial system stability and better crisis management

1

7

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Ensure that the proportion of the refinancing volume at the CBT backed by government securities is at least 40 percent for each bank.

8

12/31/2014

SB

Introduced at R1R2. Objective: Enhancement of the monetary transmission mechanism

1

8

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Publication of a circulaire by the CBT that announces a haircut on all loans used as collateral for refinancing operations at the central bank.

1

07/31/2013

M

Introduced at R0. Objective: Enhancement of the monetary transmission mechanism. At R1R2, MET. The circulaire, which was adopted at end-July, includes a general haircut of 10 percent.

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

23.2

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

Submission to the Council of Ministers of a new targeted household support program to accompany the reform of generalized energy subsidies.

1

08/31/2013

MOD-DATE

Introduced at R0. Objective: Protection of society's most vulnerable segments. At R1R2, Not MET. The technical work has been done. A decision on the beneficiaries and the compensating mechanism need to be taken. (Pushed to end-March 2014).

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

23.2

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

Submission to the Council of Ministers of a new targeted household support program to accompany the reform of generalized energy subsidies.

1

03/31/2014

SB

At R1R2, new test date.

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

24.2

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

Finalize the audit of the electricity company (STEG) and of the petroleum refinery company (STIR).

1

12/31/2013

MOD-DATE

Introduced at R0. Objective: Lower fiscal risks. At R1R2, Not Met. The audit of the three energy companies (STEG, STIR, ETAP) have started. This benchmark has now been pushed to March 2014.

1

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

24.2

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

Finalize the audit of the electricity company (STEG) and of the petroleum refinery company (STIR).

1

03/31/2014

SB

At R1R2, new test date.

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

24.3

5.3. Price controls and marketing restrictions

Adoption of a Ministry of Industry decree approving a new automatic fuel pricing formula.

1

08/31/2013

MD

Introduced at R0. Objective: Lower energy subsidies. At R1R2, MET, with delay. An automatic pricing mechanism was put in pace allowing convergence to international prices, but does not allow smoothing for large price increases.

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

25

6. Financial sector

Adoption by the Council of Ministers of the strategic vision of the government's future role in banks, on the basis of the preliminary results from the audit of public banks.

1

09/15/2013

MOD-DATE

Introduced at R0. Objective: Financial sector stability. At R1R2, NOT MET. Audit of the three banks started in July and September, which is delaying the decision on the strategic vision. The strategic vision has been pushed to March 2014.

1

2013-09-15

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

25

6. Financial sector

Adoption by the Council of Ministers of the strategic vision of the government's future role in banks, on the basis of the preliminary results from the audit of public banks.

1

03/31/2014

SB

at R1R2, new test date.

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Approval of the new reporting system architecture covering bank-related accounting, financial, and institutional functions.

1

08/31/2013

MD

Introduced at R0. Objective: Financial sector stability. At R1R2, MET, with delay. The reporting system was presented in September 2013. This report defines the main principles of the architecture and its conception as well as different phases of the risk model.

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

General on-site inspection of one major bank and inspection of the credit risks of four other banks.

2

12/31/2013

M

Introduced at R0. Objective: Financial sector stability. At R1R2, MET. A credit risk inspection at one bank was completed in September and three others were completed in December. The on-site inspection of one major bank was completed in December.

1

2

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Presentation to the board of the CBT of a study concerning the impact on banks of liquidity ratio changes toward international standards.

3

12/31/2013

NM

Introduced at R0. Objective: Financial sector stability. At R1R2, NOT MET. The templates for collecting needed data for conducting the impact study have been communicated to banks. This is expected to be completed by end-January 2014.

1

3

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submission to the Management of the Central Bank of Tunisia of a banking resolution framework in line with international practices.

4

06/30/2014

SB

Introduced at R1R2. Objective: Crisis management and financial sector stability.

1

4

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

26

7. Exchange systems and restrictions (current and capital)

Implementation of an electronic bank interlinking platform and launch of the Market Makers Agreement.

1

10/31/2013

MOD-DATE

Introduced at R0. Objective: Greater exchange rate flexibility. At R1R2, NOT MET, becdause of technical delays. Work is ongoing and this is a new structural benchmark for mid-March 2014.

1

2013-10-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

26

7. Exchange systems and restrictions (current and capital)

Implementation of an electronic bank interlinking platform and launch of the Market Makers Agreement.

1

03/15/2014

SB

At R1R2, new test date.

1

2014-03-15

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

26

7. Exchange systems and restrictions (current and capital)

Implementation of a weekly foreign exchange auction mechanism.

2

12/31/2014

SB

Introduced at R1R2. Objective: Greater exchange rate flexibility

1

2

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-01-29

P1

R1R2

BLANK

SB

30.1

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

Decree for implementing the new investment code in line with the objective of protecting market access, reducing restrictions on investments, and rationalizing of incentives.

1

03/31/2014

SB

Introduced at R1R2. Objective: Support for balanced growth driven by the private sector

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

PA

25

6. Financial sector

Adoption by the Council of Ministers of the strategic vision of the government's future role in banks (or at least in STB and BH) on the basis of preliminary results from the audit of public banks.

1

Third Review Prior action

M

Previously a structural benchmark with end-March 2014 test date. Objetive: financial sector stability.

3

1

2023-09-23

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Approval by the Council of Ministers of the corporate tax reform announcing the convergence of the tax rates of onshore and offshore sectors for 2014 and identification of countervailing measures to ensure a neutral impact on revenues.

1

07/31/2013

MD

Introduced at R0. Objective: Minimization of distortions, and tax fairness and simplification. At R1R2, MET, with delay. The reduction of the onshore corporate tax rate from 30 to 25 percent and the increase of the off-shore one from 0 to 10 percent was incorporated in the 2014 draft budget along with countervailing measures for the potential revenue loss. The draft budget has been approved by the Council of Ministers on November 18, 2013 and has been adopted by Parliament on December 30, 2013.

3

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Government approval of a new tax code.

2

09/30/2014

SB

Introduced at R1R2. Objective: Enhance revenue collection

3

2

2014-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Merge at the level of the large taxpayer unit the management, tax collection, and control of large enterprises.

1

09/30/2013

MD

Introduced at R0. Objective: Broadening of the tax base. At R1R2, MET, with delay. The different functions have been put together in one unit.

3

1

2013-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Implementation by the Ministry of Finance of a plan to modernize tax administration.

2

03/31/2014

MOD-DATE

Introduced at R1R2. Objective Enhance revenue administration. At R3, Not MET. Working groups have worked on a draft plan but an overall strategy still needs to be finalized. IMF TA is assisting the authorities. New test date of end-June 2014 is specified.

3

2

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Implementation by the Ministry of Finance of a plan to modernize tax administration.

2

06/30/2014

SB

At R3, new test date is specified. Text of condition is also revised from "Implementation" to "Adoption" by the Ministry of Finance...

3

2

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

20.4

1.4. Combined expenditure and revenue measures

Adoption of the Investment Code (tax measures will be referred to in the tax code).

1

07/31/2013

MD

Introduced at R0. Objective: Support for balanced growth driven by the private sector. At R1R2, MET, with delay. The new code was approved by the Council of Ministers in November 2013. Next step in this area will be the drafting of the implementation decrees that should accompany ratification by Parliament.

3

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Unification of government accounts into a Single Treasury Account (formulation to be revised for project loans).

1

03/31/2014

M

Introduced at R1R2. Objective: Public financial management. At R3, met.

3

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Prepare a consolidated balance of 20 main public enterprises (2010-2012)

2

06/30/2014

SB

Introduced at R1R2. Objective: Improvement of budgetary control and reduce fiscal risks

3

2

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Ensure that the proportion of the refinancing volume at the CBT backed by government securities is at least 10 percent for each bank.

1

08/31/2013

M

Introduced at R0. Objective: Enhancement of the monetary transmission mechanism. At R1R2, MET. The circulaire has been published and the SB has started.

3

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Ensure that the proportion of the refinancing volume at the CBT that is backed by government securities is at least 20 percent for each bank.

2

12/31/2013

M

Introduced at R0. Objective: Enhancement of the monetary transmission mechanism. At R1R2, MET. The circulaire has been adopted, and the SB will be met at the time of its implementation.

3

2

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Submission to the Central Bank Board of a draft Central Banking law in line with international practices.

3

06/30/2014

SB

Introduced at R1R2. Objective: Financial sector stability. At R3, In progress. An IMF technical assistance mission is planned for May 2014.

3

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Development and implementation of the new reporting system and bank classification system.

4

12/31/2014

SB

Introduced at R1R2. Objective: Financial sector stability

3

4

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Presentation to the Central Bank board of the impact study for removing the upper limit for excessive rates for enterprises and to modify it for consumers.

5

03/31/2014

M

Introduced at R1R2. Objective: Financial system stability and better transmission of monetary mechanisms. At R3, 1MET. The impact study––done with help from the CBT and completed with WB assistance––was presented to the CBT Board on March 26, 2014.

3

5

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Implement an increase of the haircut for loans used as collateral for refinancing operations to at least 25 percent.

6

03/31/2014

MOD-DATE

Introduced at R1R2. Objective: Enhancement of the monetary transmission mechanism. At R3, Not MET. A new regulation has been adopted on March 25, 2014 and its application will be announced for June 2014. New test date of end-June 2014 is specified.

3

6

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Implement an increase of the haircut for loans used as collateral for refinancing operations to at least 25 percent.

6

06/30/2014

SB

At R3, new test date.

3

6

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Establishment of the lender of last resort facility.

7

06/30/2014

SB

Introduced at R1R2. Objective: Financial system stability and better crisis management. At R3, In progress. IMF TA is providing assistance.

3

7

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Ensure that the proportion of the refinancing volume at the CBT backed by government securities is at least 40 percent for each bank.

8

12/31/2014

SB

Introduced at R1R2. Objective: Enhancement of the monetary transmission mechanism

3

8

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Publication of a circulaire by the CBT that announces a haircut on all loans used as collateral for refinancing operations at the central bank.

1

07/31/2013

M

Introduced at R0. Objective: Enhancement of the monetary transmission mechanism. At R1R2, MET. The circulaire, which was adopted at end-July, includes a general haircut of 10 percent.

3

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

23.2

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

Submission to the Council of Ministers of a new targeted household support program to accompany the reform of generalized energy subsidies.

1

08/31/2013

MOD-DATE

Introduced at R0. Objective: Protection of society's most vulnerable segments. At R1R2, Not MET. The technical work has been done. A decision on the beneficiaries and the compensating mechanism need to be taken. (Pushed to end-March 2014).

3

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

23.2

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

Submission to the Council of Ministers of a new targeted household support program to accompany the reform of generalized energy subsidies.

1

03/31/2014

MOD-DATE

At R1R2, new test date. At R3, Not MET. Work is in progress and possible contents of the strategy have been identified. This program will be put in place prior to the planned increase in fuel prices. New test date of end-June 2014 is specified.

3

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

23.2

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

Submission to the Council of Ministers of a new targeted household support program to accompany the reform of generalized energy subsidies.

1

06/30/2014

SB

At R3, new test date.

3

1

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

24.2

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

Finalize the audit of the electricity company (STEG) and of the petroleum refinery company (STIR).

1

12/31/2013

MOD-DATE

Introduced at R0. Objective: Lower fiscal risks. At R1R2, Not Met. The audit of the three energy companies (STEG, STIR, ETAP) have started. This benchmark has now been pushed to March 2014.

3

1

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

24.2

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

Finalize the audit of the electricity company (STEG) and of the petroleum refinery company (STIR).

1

03/31/2014

M

At R1R2, new test date. At R3, MET. The First Report was submitted to the Government on March 30, 2014.

3

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

24.3

5.3. Price controls and marketing restrictions

Adoption of a Ministry of Industry decree approving a new automatic fuel pricing formula.

1

08/31/2013

MD

Introduced at R0. Objective: Lower energy subsidies. At R1R2, MET, with delay. An automatic pricing mechanism was put in pace allowing convergence to international prices, but does not allow smoothing for large price increases.

3

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

25

6. Financial sector

Adoption by the Council of Ministers of the strategic vision of the government's future role in banks, on the basis of the preliminary results from the audit of public banks.

1

09/15/2013

MOD-DATE

Introduced at R0. Objective: Financial sector stability. At R1R2, NOT MET. Audit of the three banks started in July and September, which is delaying the decision on the strategic vision. The strategic vision has been pushed to March 2014.

3

1

2013-09-15

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

25

6. Financial sector

Adoption by the Council of Ministers of the strategic vision of the government's future role in banks, on the basis of the preliminary results from the audit of public banks.

1

03/31/2014

MOD-PA

at R1R2, new test date. At R3, this benchmark is made a prior action for completion of R3.

3

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Approval of the new reporting system architecture covering bank-related accounting, financial, and institutional functions.

1

08/31/2013

MD

Introduced at R0. Objective: Financial sector stability. At R1R2, MET, with delay. The reporting system was presented in September 2013. This report defines the main principles of the architecture and its conception as well as different phases of the risk model.

3

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

General on-site inspection of one major bank and inspection of the credit risks of four other banks.

2

12/31/2013

M

Introduced at R0. Objective: Financial sector stability. At R1R2, MET. A credit risk inspection at one bank was completed in September and three others were completed in December. The on-site inspection of one major bank was completed in December.

3

2

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Presentation to the board of the CBT of a study concerning the impact on banks of liquidity ratio changes toward international standards.

3

12/31/2013

MD

Introduced at R0. Objective: Financial sector stability. At R1R2, NOT MET. The templates for collecting needed data for conducting the impact study have been communicated to banks. This is expected to be completed by end-January 2014. At R3, MET, with delay. The templates for collecting the date needed to conduct the impact study have been communicated to banks. The study has been presented to the CBT Board in February 24.

3

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submission to the Management of the Central Bank of Tunisia of a banking resolution framework in line with international practices.

4

06/30/2014

SB

Introduced at R1R2. Objective: Crisis management and financial sector stability. At R3, In progress. With help from WB and IMF technical assistance.

3

4

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Completion of the financial audit of the Banque Nationale Agricole (BNA).

5

07/31/2014

SB

Introduced at R3. Objective: financial sector stability

3

5

2014-07-31

N/A