TohidA/MONA · Datasets at Hugging Face

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-04-25

P1

R3

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the Government of retructuring plans for the BH and STB.

1

08/31/2014

SB

Introduced at R3. Objective: financial sector stability

3

1

2014-08-31

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

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.

3

1

2013-10-31

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

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

M

At R1R2, new test date. At R3, MET. The electronic platform allowing the interconnection with banks and the Market Makers Agreement are now in place.

3

1

2014-03-15

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

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

3

2

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

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

MOD-DATE

Introduced at R1R2. Objective: Support for balanced growth driven by the private sector. At R3, Not MET. Implementation decrees will be finalized once the investment code is ratified by Parliament. New test date of end-September 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

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

09/30/2014

SB

At R3, new test date.

3

1

2014-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2023-09-23

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

BLANK

PA

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the government of the restructuring plans for BH and STB in line with international best practices as described in Annex I.

1

Fourth Review Prior action

M

Previously a structural benchmark with end-August 2014 test date. Objective: financial sector stability.

4

1

2023-09-23

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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. At R4, In progress. All new rules will be included into the new code.

4

2

2014-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Following national consultations on taxation, adoption of a tax reform plan covering direct and indirect taxes by the Council of Ministers.

3

10/31/2014

SB

Introduced at R4. Objective: Expand the tax base and improve equity.

4

3

2014-10-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2013-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

2

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

MD

At R3, new test date is specified. Text of condition is also revised from "Implementation" to "Adoption" by the Ministry of Finance. At R4, MET with delay. A plan to modernize tax administration was completed with technical assistance from the IMF and adopted by the Ministry of Finance in August 2014.

4

2

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

M

Introduced at R1R2. Objective: Improvement of budgetary control and reduce fiscal risks. Better assessment of risks. At R4, MET. A report with the balance sheet for the 28 largest firms was prepared.

4

2

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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. At R4, Circular issued in March 2014 and will take effect on January 1, 2015.

4

2

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

M

Introduced at R1R2. Objective: Financial sector stability. At R3, In progress. An IMF technical assistance mission is planned for May 2014. At R4, MET. A new central banking law in line with international practices was prepared with technical assistance from the IMF and presented to the CBT board on June 25, 2014.

4

3

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

4

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

5

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

6

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

M

At R3, new test date. At R4, MET. A new regulation was put in place March 28, 2014 and communicated to the banks. The haircut system is effective since July 1, 2014.

4

6

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

BLANK

SB

21.1

2.1. Central bank operations and reforms

Establishment of the lender of last resort facility.

7

06/30/2014

MOD-DATE

Introduced at R1R2. Objective: Financial system stability and better crisis management. At R3, In progress. IMF TA is providing assistance. At R4, NOT MET. An interim, “exceptional” system was adopted June 25, 2014. The lender of last resort facility – in line with the bank resolution framework – will be put in place in March 2015.

4

7

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

BLANK

SB

21.1

2.1. Central bank operations and reforms

Establishment of the lender of last resort facility.

7

03/31/2015

SB

At R4, new test date.

4

7

2015-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

M

Introduced at R1R2. Objective: Enhancement of the monetary transmission mechanism. Circular issued in March 2014 and will take effect on January 1, 2015 at R4.

4

8

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

BLANK

SB

21.1

2.1. Central bank operations and reforms

Double the number of DGSB supervisors hired in 2013 and revise the CBT hiring criteria to facilitate the hiring of qualified personnel.

9

11/30/2014

SB

Introduced at R4. Objective: financial sector stability.

4

9

2014-11-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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).

4

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

M

At R3, new test date. At R4, MET. A household support program was put in place July 2014 ahead of the fuel price increase.

4

1

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2013-09-15

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

2

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

3

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

M

Introduced at R1R2. Objective: Crisis management and financial sector stability. At R3, In progress. With help from WB and IMF technical assistance. At R4, MET. A new banking law was prepared with technical assistance from the IMF and World Bank and submitted to CBT management.

4

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

MOD-DATE

Introduced at R3. Objective: financial sector stability. At R4, In progress. The selection of a new auditor delayed the completion of the BNA audit to end-September 2014.

4

5

2014-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

09/30/2014

SB

At R4, new test date.

4

5

2014-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Creation of Asset Management Company (AMC) through the publication in the Official Journal of the Law on the AMC.

6

09/30/2014

SB

Introduced at R4. Objective: financial sector stability.

4

6

2014-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

All banks, including public banks, to comply with minimum solvency ratio required by the existing regulations (10 percent).

7

12/31/2014

SB

Introduced at R4. Objective: financial sector stability.

4

7

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Development and implementation of the new reporting and rating system for banks.

8

12/31/2014

SB

Introduced at R4. Objective: financial sector stability.

4

8

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the Government of retructuring plans for the BH and STB.

1

08/31/2014

MOD-PA

Introduced at R3. Objective: financial sector stability. This structural benchmark is made a prior action for completion of R4.

4

1

2014-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

BLANK

SB

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the Government of the BNA restructuring plan.

2

11/30/2014

SB

Introduced at R4. Objective: financial sector stability.

4

2

2014-11-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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.

4

1

2013-10-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

M

At R1R2, new test date. At R3, MET. The electronic platform allowing the interconnection with banks and the Market Makers Agreement are now in place.

4

1

2014-03-15

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

4

2

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

MOD-DATE

Introduced at R1R2. Objective: Support for balanced growth driven by the private sector. At R3, Not MET. Implementation decrees will be finalized once the investment code is ratified by Parliament. New test date of end-September 2014 is specified.

4

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

N/A

2014-08-29

P1

R4

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

09/30/2014

SB

At R3, new test date. At R4, The decrees will not be submitted to Parliament because the government decided to withdraw the draft law on the investment code from parliament; New measures for investment promotion will be taken. They will eventually be included in the new code.

4

1

2014-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2023-09-23

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

PA

25.2

6.2. Restructuring and privatization of financial institutions

Adoption by the government of the restructuring plans for BH and STB in line with international best practices as described in Annex I.

1

Fourth Review Prior action

M

Previously a structural benchmark with end-August 2014 test date. Objective: financial sector stability.

5

1

2023-09-23

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Government approval of a new tax code.

2

09/30/2014

MD

Introduced at R1R2. Objective: Enhance revenue collection. At R4, In progress. All new rules will be included into the new code. At R5, met with delay. All norms and regulations were consolidated in a single text submitted to the ANC in October 2014.

5

2

2014-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Following national consultations on taxation, adoption of a tax reform plan covering direct and indirect taxes by the Council of Ministers.

3

10/31/2014

MOD-DATE

Introduced at R4. Objective: Expand the tax base and improve equity. At R5, not met. The national consultations took place in November and validated a reform plan which will be adopted by the Government in December 2014.

5

3

2014-10-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Following national consultations on taxation, adoption of a tax reform plan covering direct and indirect taxes by the Council of Ministers.

3

12/31/2014

SB

At R5, new test date.

5

3

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Adoption by the government of a calendar for the total convergence of the tax rates of onshore and offshore sectors.

4

05/31/2015

SB

Introduced at R5. Objective: Minimize distortions, and tax fairness and simplification.

5

4

2015-05-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2013-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

2

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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

MD

At R3, new test date is specified. Text of condition is also revised from "Implementation" to "Adoption" by the Ministry of Finance. At R4, MET with delay. A plan to modernize tax administration was completed with technical assistance from the IMF and adopted by the Ministry of Finance in August 2014.

5

2

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

20.2

1.2. Revenue administration, including customs

Creation of a new category of public accountants called "tax collectors".

3

01/31/2015

SB

Introduced at R5. Objective: Enhance transparency of the tax system and revenue collection.

5

3

2015-01-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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

M

Introduced at R1R2. Objective: Improvement of budgetary control and reduce fiscal risks. Better assessment of risks. At R4, MET. A report with the balance sheet for the 28 largest firms was prepared.

5

2

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Adoption by the Governmment of a strategy for a better monitoring of operations and financial performance of public enterprises.

3

04/30/2015

SB

Introduced at R5. Objective: Reduce fiscal risks.

5

3

2015-04-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

20.8

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

Parliamentary Approval of the 2015 budget.

1

12/31/2014

SB

Introduced at R5. Objective: Fiscal sustainability

5

1

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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. At R4, Circular issued in March 2014 and will take effect on January 1, 2015.

5

2

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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

M

Introduced at R1R2. Objective: Financial sector stability. At R3, In progress. An IMF technical assistance mission is planned for May 2014. At R4, MET. A new central banking law in line with international practices was prepared with technical assistance from the IMF and presented to the CBT board on June 25, 2014.

5

3

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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

5

4

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

6

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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

M

At R3, new test date. At R4, MET. A new regulation was put in place March 28, 2014 and communicated to the banks. The haircut system is effective since July 1, 2014.

5

6

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Establishment of the lender of last resort facility.

7

06/30/2014

MOD-DATE

Introduced at R1R2. Objective: Financial system stability and better crisis management. At R3, In progress. IMF TA is providing assistance. At R4, NOT MET. An interim, “exceptional” system was adopted June 25, 2014. The lender of last resort facility – in line with the bank resolution framework – will be put in place in March 2015.

5

7

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Establishment of the lender of last resort facility.

7

03/31/2015

MOD-SB

At R4, new test date. At R5, this condition was modified to "Establishment of the lender of last resort mechanism." with May 2015 test date.

5

7

2015-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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

M

Introduced at R1R2. Objective: Enhancement of the monetary transmission mechanism. At R5, met. Circular issued in March 2014 and will take effect on January 1, 2015.

5

8

2014-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Double the number of DGSB supervisors hired in 2013 and revise the CBT hiring criteria to facilitate the hiring of qualified personnel.

9

11/30/2014

MOD-DATE

Introduced at R4. Objective: financial sector stability. At R5, not met. Reset to March 2015.

5

9

2014-11-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Double the number of DGSB supervisors hired in 2013 and revise the CBT hiring criteria to facilitate the hiring of qualified personnel.

9

03/31/2015

SB

at R5, new test date.

5

9

2015-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Establishment of the lender of last resort mechanism.

10

05/31/2015

SB

At R5, revised text of the structural benchmark "Establishment of the lender of last resort facility." Objective: Financial system stability and better crisis management. At R6, Not met. New test date of November 2015 is specified.

5

10

2015-05-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2013-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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).

5

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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

M

At R3, new test date. At R4, MET. A household support program was put in place July 2014 ahead of the fuel price increase.

5

1

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

24.2

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

Signature of performance contracts for the 5 largest state-owned companies.

2

04/30/2015

SB

Introduced at R5. Objective: Reduce fiscal risks.

5

2

2015-04-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2013-09-15

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2014-03-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

1

2013-08-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

2

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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.

5

3

2013-12-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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

M

Introduced at R1R2. Objective: Crisis management and financial sector stability. At R3, In progress. With help from WB and IMF technical assistance. At R4, MET. A new banking law was prepared with technical assistance from the IMF and World Bank and submitted to CBT management.

5

4

2014-06-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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

MOD-DATE

Introduced at R3. Objective: financial sector stability. At R4, In progress. The selection of a new auditor delayed the completion of the BNA audit to end-September 2014.

5

2014-07-31

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

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

09/30/2014

MD

At R4, new test date. At R5, met with delay in November 2014.

5

2014-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Creation of Asset Management Company (AMC) through the publication in the Official Journal of the Law on the AMC.

6

09/30/2014

MOD-DATE

Introduced at R4. Objective: financial sector stability. At R5, not met. Reset to April 2015. The adoption of Article 4 of the supplementary budget defined the objectives of the AMC. The law granting juridical personality to the AMC could not be adopted before the parliamentary recess and will be adopted in 2015 in the next session of Parliament.

5

6

2014-09-30

N/A

699

TUNISIA

744

SBA

2013-06-07

2,013

2015-06-06

2,015

2015-12-31

N/A

2014-12-12

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Creation of Asset Management Company (AMC) through the publication in the Official Journal of the Law on the AMC.

6

04/30/2015

MOD-SB

At R5, modified to "Publication, on the Official Gazette, of the law governing the functioning of the AMC in line with sound international practices, as well as Government adoption of the related implementation decrees."

5

6

2015-04-30

N/A