TohidA/MONA · Datasets at Hugging Face

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Superintendency of Banks and Financial Entities (SBEF) will: (i) issue a norm to ensure the effective supervision of financial conglomerates (in compliance with Basel core principle 20); and (ii) establish procedures to strengthen early warning indicators to identify individual and systemic bank vulnerabilities and apply prompt corrective actions.

2

10/31/2004

MD

At P1R5, delayed but issued in December 2004.

5

2

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

The Superintendency of Banks will provide a diagnostic of banks to increase provisions and develop a related action plan.

3

10/31/2004

MD

At P1R5, diagnostic completed in October and action plan completed by November. Plan includes modification to loan provisioning regulation.

5

3

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

In consultation with Fund Staff, amend the law on banks and financial institutions to ensure that the FRF is established as a legal entity and to allow that its contributions to the bank resolution process be temporarily complemented by contributions of the central bank in this context for 2005 only.

4

11/30/2004

NM

N/A

5

4

2004-11-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit a draft law creating a deposit insurance scheme with partial deposit coverage and establishing its proper functioning.

5

09/30/2005

SB

N/A

5

2005-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SB

30.1

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

Approval by Congress of law on corporate workout mechanism consistent with para. 16 of TMU.

1

09/30/2003

M

N/A

5

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SB

30.1

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

Approval by Congress of bankruptcy law consistent with para. 15 of the TMU.

2

09/30/2003

NM

Some elements to be in place by Sept. 30, 2003; others by June 2004

5

2

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SB

30.1

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

Drawing upon the implementation of the informal workout law to a sample of firms and submit to Congress, draft amendments to existing legislation and draft laws, including insolvency and corporate restructuring law in order to strengthen creditors’ rights, and taking into account the principles stated in paragraph 15 of the March 24, 2003 TMU.

3

11/30/2004

NM

At P1R4, ongoing. Six firms identified.

5

3

2004-11-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SB

30.1

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

Submit to Congress draft legislation to improve the corporate restructuring and bankruptcy framework, including through enhanced protection of creditor rights.

4

09/30/2005

SB

N/A

5

4

2005-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Adopt a strategy on gas exports based on the national referendum and the approval by Congress of a Hydrocarbons Law, regulating the taxation of hydrocarbons and providing an appropriate framework for developing the large hydrocarbon reserves.

1

10/31/2004

MOD-SB

At P1R5, a bill being discussed in Congress. This sb changed to "Approval by Congress of a Hydrocarbons Law and its regulations, which should provide an appropriate framework for developing the large hydrocarbon reserves" for end-June, 2005.

5

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Approval by Congress of a Hydrocarbons Law and its regulations, which should provide an appropriate framework for developing the large hydrocarbon reserves.

2

06/30/2005

SB

At R5, modified from "adopt a strategy on gas exports based on the national referendum…"

5

2

2005-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Approval by Congress of the law regulating the procedural requirements of the recursos de alzada and jerarquico before the Tax Superintendency, as required by a Consitutional Tribunal ruling.

1

09/30/2004

WMOD-DATE

At P1R4, approved by Upper House and awaiting approval of the Lower House of Congress. At P1R5, the status hadn't changed so PC was delayed until end-June 2005.

5

1

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Approval by Congress of the law regulating the procedural requirements of the recursos de alzada and jerarquico before the Tax Superintendency, as required by a Consitutional Tribunal ruling.

1

06/30/2005

PC

N/A

5

1

2005-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Issuance of regulations to the tax procedures code, consistent with para. 12 of the TMU

2

11/05/2003

W

Implemented on 1/12/04.

5

2

2003-11-05

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Submission to congress of a tax procedures code consistent with para 12 of TMU.

3

04/30/2003

M

N/A

5

3

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Define terms of reference and appoint high level expenditure commission of respected members of civil society.

1

06/30/2004

M

N/A

5

1

2004-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publish high-level commission's report with specific recommendations, including measures to (i) improve the measurement of pro-poor spending; (ii) improve the quality and efficiency of public services; (iii) prioritize spending toward growth-enhancing and pro-poor spending; and (iv) identify spending priorities to bring overall spending to a level of 32.1 percent of GDP in 2005, 31.0 percent of GDP in 2006, and 30.4 percent of GDP in 2007. Met at end-September 2004

1

09/30/2004

M

N/A

5

1

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

20.8

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

Approval of 2003 budget consistent with deficit of 6.5 percent of GDP.

1

04/15/2003

W

Budget approved April 3, 2003. Alternative measures to meet fiscal target taken.

5

1

2003-04-15

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

20.8

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

Passage of a revised budget law for 2005 with spending levels consistent with staff’s revenue projections and the program deficit target after grants of the combined public sector of 5.2 percent of GDP.

2

06/30/2005

PC

N/A

5

2

2005-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

20.8

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

Passage of the 2006 budget law with spending levels consistent with staff’s revenue projections and a deficit target after grants for the combined public sector of 4.1 percent of GDP.

3

12/31/2005

PC

N/A

5

3

2005-12-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issuance of supreme decrees (i) clarifying the roles of the different institutions with oversight over the financial sector (includes ensuring a technical basis for issuing prudential norms) and (ii) defining certain areas of banking regulation that should be determined by the superintendency consistent with para. 13 of the TMU.

1

04/30/2003

W

Implemented on May 6, 2003. Waiver granted in first review.

5

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issuance of the final regulations for the bank resolution and prompt corrective action mechanisms introduced by the financial sector law of 2001 consistent with para. 14 of the TMU.

2

04/30/2003

W

Implemented with delay on May 9th, 2003. Waiver granted in first review.

5

2

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Adopt an action plan to strengthen weak banks consistent with Fund staff advice and the principles stated in para. 9 of MEFP.

1

10/31/2003

W

N/A

5

1

2003-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Sale and transfer on final basis of the ownership of the state’s participation in banks majority-owned by Nafibo.

2

12/31/2005

PC

N/A

5

2

2005-12-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

SPC

30.1

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

Submission to congress of draft bankruptcy law and draft law for corporate debt workout mechanism prepared in consultation with Fund staff and consistent with paras. 15 and 16 of TMU. Not met and subject to considerable delay

1

04/30/2003

M

N/A

5

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

20.1

1.1. Revenue measures, excluding trade policy

Issuance of the regulations to the amendments to law 843 enlarging the base of certain taxes approved by Congress in August

1

Second Review Prior action

M

N/A

6

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

20.1

1.1. Revenue measures, excluding trade policy

Issuance of the regulations to the tax regularization scheme--approved jointly with the tax code--which was broadened to include individual taxpayers and illegally imported vehicles

2

Second Review Prior action

M

N/A

6

2

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

20.1

1.1. Revenue measures, excluding trade policy

Issuance of regulations to the informal workout law approved in August.

3

Second Review Prior action

M

N/A

6

3

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

20.3

1.3. Expenditure measures, including arrears clearance

Activation of additional expenditure cuts in public investment of at least 0.4 percent of GDP in 2003 (beyond the 0.6 percent of GDP cuts already activated)

1

Second Review Prior action

M

N/A

6

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

20.3

1.3. Expenditure measures, including arrears clearance

Issuance of a supreme decree reducing spending limits below the 2005 budget, consistent with a deficit target of the combined public sector of 5.2 percent of GDP after grants.

2

Fifth Review Prior action

M

N/A

6

2

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

20.8

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

Submission to Congress of a Budget Framework Law that sets hard budget constraints on all levels of government guided by the principles of budget unity, transparency, comprehensiveness, and appropriations determined by Congress.

1

Sixth Review Prior action

M

At P1R6, converted from non-observed structural benchmark to prior action.

6

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

20.8

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

Submission to Congress of 2003 budget together with the proposed revenue measures described in para 11 of the TMU is consistent with a combined public sector deficit equal to or less than 6.5 % of GDP; support of the budget from the president of the lower house of congress.

2

Program Prior Action

M

N/A

6

2

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

20.8

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

Submission to Congress of a revised budget consistent with the program deficit target and nonconcessional financing of 1.5 percent of GDP.

3

Fifth Review Prior action

M

N/A

6

3

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

20.8

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

Submission to Congress of a budget law for 2006 with a deficit after grants of 3.7 percent of GDP. The budget proposal will be consistent with a projected deficit after grants of the combined public sector equivalent to 3 percent of GDP, based on Fund staff revenue projections and assuming a 93 percent implementation rate of the investment budget.

4

Sixth Review Prior action

M

At P1R6, modified from a structural benchmark to prior action.

6

4

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

20.8

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

Finalization of financing assurances in budget.

5

Program Prior Action

M

N/A

6

5

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issuance of supreme decree to eliminate regulatory powers of the Ministry of Finance over the financial system.

1

Fifth Review Prior action

M

N/A

6

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issuance of norms tightening loan classification and provision regulations, calling for gradual increases in provisions, with the first increase taking place by end-May 2005.

2

Fifth Review Prior action

M

N/A

6

2

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit a draft law creating a deposit insurance scheme with partial deposit coverage and establishing its proper functioning.

3

Sixth Review Prior action

M

At P1R6, this sb was converted into a prior action.

6

3

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

PA

25.2

6.2. Restructuring and privatization of financial institutions

Submission to Congress of legislation establishing the Financial Restructuring Fund (FRF) as a legal entity.

3

Fifth Review Prior action

M

N/A

6

3

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Submission to Congress of a comprehensive tax reform, including the introduction of a personal income tax, which will exempt 80 percent of the population.

2

09/30/2005

MOD-SB

At P1R6, combined with "Approval by Congress of a comprehensive tax reform including the introduction of a personal income tax, which will exempt 80 percent of the population", and modified to "Preparation of draft bill for consideration by the next government on a tax reform that is at least revenue neutral, including the introduction of a personal income tax, which would exempt about 80 percent of the population" with 12/31/05 test date.

6

2

2005-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Approval by Congress of a comprehensive tax reform including the introduction of a personal income tax, which will exempt 80 percent of the population.

3

10/31/2005

MOD-SB

At P1R6, combined with "Submission to Congress of a comprehensive tax reform, including the introduction of a personal income tax, which will exempt 80 percent of the population", and modified to "Preparation of draft bill for consideration by the next government on a tax reform that is at least revenue neutral, including the introduction of a personal income tax, which would exempt about 80 percent of the population" with 12/31/05 test date.

6

3

2005-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Preparation of draft bill for consideration by the next government on a tax reform that is at least revenue neutral, including the introduction of a personal income tax, which would exempt about 80 percent of the population

4

12/31/2005

SB

At R6, introduced as new SB-- modified from two other SBs.

6

4

2005-12-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Approval by congress of the tax procedures code consistent with para. 12 of the TMU.

1

09/30/2003

M

N/A

6

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Define terms of reference and appoint high-level expenditure commission of respected members of civil society.

1

06/30/2004

M

N/A

6

1

2004-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.8

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

With Fund technical assistance, submit to Congress an Organic Budget Law that sets hard budget constraints on all levels of government guided by the principles of budget unity, transparency, comprehensiveness, and appropriations determined by Congress.

1

06/30/2005

MOD-PA

At P1R6, converted into prior action for the sixth review and observed on 10/25/05.

6

1

2005-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.8

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

Approval by Congress of an Organic Budget Law that sets hard budget constraints on all levels of government guided by the principles of budget unity, transparency, comprehensiveness, and appropriations determined by Congress.

2

10/31/2005

MOD-SB

At P1R6, modified to "Approval by Congress of a Budget Framework Law that sets hard budget constraints on all levels of government guided by the priniples of budget unity, transparency, comprehensiveness, and approprations determined by Congress" with 12/31/05 test date.

6

2

2005-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.8

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

Approval by Congress of a Budget Framework Law that sets hard budget constraints on all levels of government guided by the priniples of budget unity, transparency, comprehensiveness, and approprations determined by Congress

3

12/31/2005

SB

At R6, introduced as new SB-- modified from another SB.

6

3

2005-12-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.8

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

Submission to Congress of a budget consistent with a deficit target after grants below 5.5 percent of GDP, after including currently extrabudgetary funds and taking into acocunt: (i)expenditure limits and revenue projections in the budget bill, together with the likely revenue yields of specific additional revenue measures to be proposed by the authorities; and (ii) the recommendations of the expenditure commission.

4

10/31/2004

NM

At P1R5, budget submitted to Congress in September but inconsistent with program target. Approved on a lapse of time basis. Supplementary decrees were issued to make spending limits consistent with the program.

6

4

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.8

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

Submission to Congress of a 2006 budget with spending levels consistent with staffs revenue projections and a deficit target after grants for the combined public sector of 4.1 percent of GDP.

5

10/31/2005

MOD-PA

At P1R6, modified, converted to prior action, and observed.

6

5

2005-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

20.8

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

Congressional approval, or enactment on a lapse-of-time basis, of a budget law for 2006 with a deficit after grants of 3.7 percent of GDP. The budget will be consistent with a projected deficit after grants of the combined public sector equivalent to 3 percent of GDP, based on Fund staff revenue projections and assuming a 93 percent implementation rate of the investment budget.

6

12/31/2005

SB

At P1R6, was an spc which was modified, and converted to sb with equivalent test date.

6

2005-12-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Complete study with IMF technical assistance to recommend measures to promote the use of domestic currency.

4

10/31/2004

M

At P1R5, observed and report issued in December 2004.

6

4

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Increase average reserve requirements on dollar deposits of financial institutions by 2 percent.

5

04/30/2005

M

N/A

6

5

2005-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

23.2

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

Complete a comprehensive survey and setup a registry on health and education sector employment , as well as an audit on sub-national debt, including floating debt, based on FAD TA.

1

09/30/2005

MOD-SB

At P1R6, progress made on setting-up a registry. Modified to "Complete 50 percent of the registry on health and education sector employment, as well as the implementation of a registry system on subnational debt for nine regional governments (prefectureas) and 17 municipalities" with 12/31/05 test date.

6

1

2005-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

23.2

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

Complete 50 percent of the registry on health and education sector employment, as well as the implementation of a registry system on subnational debt for nine regional governments (prefectureas) and 17 municipalities

2

12/31/2005

SB

At R6, introduced as new SB--modified from another SB.

6

2

2005-12-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Superintendency of Banks and Financial Entities (SBEF) will: (i) issue a norm to ensure the effective supervision of financial conglomerates (in compliance with Basel core principle 20); and (ii) establish procedures to strengthen early warning indicators to identify individual and systemic bank vulnerabilities and apply prompt corrective actions.

1

10/31/2004

MD

At P1R5, delayed but issued in December 2004.

6

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

In consultation with Fund Staff, amend the law on banks and financial institutions to ensure that the FRF is established as a legal entity and to allow that its contributions to the bank resolution process be temporarily complemented by contributions of the central bank in this context for 2005 only.

2

11/30/2004

NM

N/A

6

2

2004-11-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

The Superintendency of Banks will provide a diagnostic of banks to increase provisions and develop a related action plan.

3

10/31/2004

MD

At P1R5, diagnostic completed in October and action plan completed by November. Plan includes modification to loan provisioning regulation.

6

3

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit a draft law creating a deposit insurance scheme with partial deposit coverage and establishing its proper functioning.

6

09/30/2005

MOD-PA

At P1R6, converted into prior action and observed on 10/25/05.

6

2005-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

25.2

6.2. Restructuring and privatization of financial institutions

On banks majority-owned by NAFIBO, complete the write-offs of the shareholders capital and approve the implementation of a business plan for the next two years, which shall include re-privatization of the banks by December 2005.

3

09/30/2004

M

Observed at P1R5. Due diligence completed June 15, and business plan is to be finalized.

6

3

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

30.1

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

Approval by Congress of law on corporate workout mechanism consistent with para. 16 of TMU.

1

09/30/2003

M

N/A

6

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

30.1

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

Approval by Congress of bankruptcy law consistent with para. 15 of the TMU.

2

09/30/2003

NM

Some elements to be in place by Sept. 30, 2003; others by June 2004

6

2

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

30.1

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

Drawing upon the implementation of the informal workout law to a sample of firms and submit to Congress, draft amendments to existing legislation and draft laws, including insolvency and corporate restructuring law in order to strengthen creditors rights, and taking into account the principles stated in paragraph 15 of the March 24, 2003 TMU.

4

11/30/2004

NM

At P1R4, ongoing. Six firms identified.

6

4

2004-11-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

30.1

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

Submit to Congress draft legislation to improve the corporate restructuring and bankruptcy framework, including through enhanced protection of creditor rights.

5

09/30/2005

MOD-DATE

At P1R6, test date rescheduled to 12/31/05.

6

5

2005-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

30.1

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

Submit to Congress draft legislation to improve the corporate restructuring and bankruptcy framework, including through enhanced protection of creditor rights.

5

12/31/2005

SB

N/A

6

5

2005-12-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Adopt a strategy on gas exports based on the national referendum and the approval by Congress of a Hydrocarbons Law, regulating the taxation of hydrocarbons and providing an appropriate framework for developing the large hydrocarbon reserves.

1

10/31/2004

MOD-SB

At P1R5, a bill being discussed in Congress. This sb changed to "Approval by Congress of a Hydrocarbons Law and its regulations, which should provide an appropriate framework for developing the large hydrocarbon reserves" for end-June, 2005.

6

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Approval by Congress of a Hydrocarbons Law and its regulations, which should provide an appropriate framework for developing the large hydrocarbon reserves.

2

06/30/2005

NM

At R5, modified from "adopt a strategy on gas exports based on the national referendum…" At R6, "Not observed. No further legislative adjustments contemplated at this stage."

6

2

2005-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

20.2

1.2. Revenue administration, including customs

Submission to congress of a tax procedures code consistent with para 12 of TMU.

1

04/30/2003

M

N/A

6

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

20.2

1.2. Revenue administration, including customs

Approval by Congress of the law regulating the procedural requirements of the recursos de alzada and jerarquico (appeals) before the Tax Superintendency, as required by a Consitutional Tribunal ruling.

2

09/30/2004

WMOD-DATE

At P1R4, approved by Upper House and awaiting approval of the Lower House of Congress. At P1R5, the status hadn't changed so PC was waived and delayed until end-June 2005.

6

2

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

20.2

1.2. Revenue administration, including customs

Approval by Congress of the law regulating the procedural requirements of the recursos de alzada and jerarquico (appeals) before the Tax Superintendency, as required by a Consitutional Tribunal ruling.

2

06/30/2005

M

N/A

6

2

2005-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

20.2

1.2. Revenue administration, including customs

Issuance of regulations to the tax procedures code, consistent with para. 12 of the TMU

3

11/05/2003

W

Implemented on 1/12/04.

6

3

2003-11-05

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Define terms of reference and appoint high level expenditure commission of respected members of civil society.

4

06/30/2004

M

N/A

6

4

2004-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publish high-level commission's report with specific recommendations, including measures to (i) improve the measurement of pro-poor spending; (ii) improve the quality and efficiency of public services; (iii) prioritize spending toward growth-enhancing and pro-poor spending; and (iv) identify spending priorities to bring overall spending to a level of 32.1 percent of GDP in 2005, 31.0 percent of GDP in 2006, and 30.4 percent of GDP in 2007. Met at end-September 2004

1

09/30/2004

M

N/A

6

1

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

20.8

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

Approval of 2003 budget consistent with deficit of 6.5 percent of GDP.

1

04/15/2003

W

Budget approved April 3, 2003. Alternative measures to meet fiscal target taken.

6

1

2003-04-15

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

20.8

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

Passage of a revised budget law for 2005 with spending levels consistent with staffs revenue projections and the program deficit target after grants of the combined public sector of 5.2 percent of GDP.

2

06/30/2005

W

N/A

6

2

2005-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

20.8

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

Passage of the 2006 budget law with spending levels consistent with staffs revenue projections and a deficit target after grants for the combined public sector of 4.1 percent of GDP.

3

12/31/2005

MOD-SB

At P1R6, modified and converted into benchmark with 12/31/05 test date.

6

3

2005-12-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issuance of the final regulations for the bank resolution and prompt corrective action mechanisms introduced by the financial sector law of 2001 consistent with para. 14 of the TMU.

2

04/30/2003

W

Implemented with delay on May 9th, 2003. Waiver granted in first review.

6

2

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Issuance of supreme decrees (i) clarifying the roles of the different institutions with oversight over the financial sector (includes ensuring a technical basis for issuing prudential norms) and (ii) defining certain areas of banking regulation that should be determined by the superintendency consistent with para. 13 of the TMU.

4

04/30/2003

W

Implemented on May 6, 2003. Waiver granted in first review.

6

4

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Adopt an action plan to strengthen weak banks consistent with Fund staff advice and the principles stated in para. 9 of MEFP.

1

10/31/2003

W

N/A

6

1

2003-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Sale and transfer on final basis of the ownership of the states participation in banks majority-owned by Nafibo.

2

12/31/2005

PC

PC is maintained

6

2

2005-12-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-10-31

P1

R6

L

SPC

30.1

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

Submission to congress of draft bankruptcy law and draft law for corporate debt workout mechanism prepared in consultation with Fund staff and consistent with paras. 15 and 16 of TMU. Not met and subject to considerable delay

3

04/30/2003

M

N/A

6

3

2003-04-30

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

PA

20.2

1.2. Revenue administration, including customs

The Federation will pass a strengthened tax administation law on the basis of a draft proposed by the U.S. Treasury.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

PA

20.3

1.3. Expenditure measures, including arrears clearance

Distribution of the first tranche of the succession monies to the entities and the state budget will take place in accordance with Annex 4.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

The entities will formulate a plan to complete the introduction of modern Treasury Systems at their central government levels, and introduce modern Treasury Systems in local governments. The State will develop a plan to introduce a modern Treasury System.

1

Program Prior Action

M

Conditions source: IMF/World Bank Lead institution: World Bank/USAID

0

1

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

PA

20.9

1.9. Inter-governmental relations

The Entities will make transfers to the State, at least according to the agreed cumulative monthly schedule.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

PA

24.2

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

All privatization receipts accruing to the central governments of the RS and the Federation, and to the Cantons in the Federation will be placed in escrow accounts alongside all succession monies pending a comprehensive strategy to clear arrears. This is reflected in State state law governing the use of succession assets, and Federation laws on privaization will be amended accordingly.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

The Entities and the Breko District will implement these laws and stop double taxation on excises.

1

Continuous

SB

N/A

0

1

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Any changes to the current indirect tax system should retain or strengthen the principle of harmonization.

2

Continuous

SB

N/A

0

2

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

The Breko District will amend its legislation to include excise taxes in the base for calculationg the sales tax.

3

09/30/2002

SB

N/A

0

3

2002-09-30

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

The base of the Breko District sales tax will be aligned with that in the Entities.

4

09/30/2002

SB

N/A

0

4

2002-09-30

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

The two rates of sales tax in the Breko District will be 8 and 18 percent unless changes are agreed with IMF staff.

5

09/30/2002

SB

N/A

0

5

2002-09-30

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

The Breko District will bring the retail units in the "Arizona" market into the tax net.

6

09/30/2002

SB

N/A

0

6

2002-09-30

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

There will be no offset operations for tax liabilities that are incurred after 2001.

7

Continuous

SB

N/A

0

7

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

The Entities and the Breko District will pass laws establishing the excise attribution mechanism as previously agreed with the World Bank.

1

07/31/2002

SB

N/A

0

1

2002-07-31

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

The customs administration in both Entities and the Breko District will introduce the ASYCUDA++ information system.

2

07/31/2002

SB

Conditions source: EU Lead institution: EU

0

2

2002-07-31

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.3

1.3. Expenditure measures, including arrears clearance

A comprehensive strategy to clear arrears will be prepared. All arrears, including frozen foreign currency deposits, will be audited by the Supreme Auditor Institutions.

1

06/30/2003

SB

N/A

0

1

2003-06-30

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.3

1.3. Expenditure measures, including arrears clearance

Bosnia & Herzagovina will not clear domestic arrears that were accrued before end-2000, pending a comprehensive strategy to clear arrears.

2

Continuous

SB

N/A

0

2

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

20.5

1.5. Debt Management

The RS, and the Federation will amend their budget laws to give effect to the requirement that cantons, municipalities, and extra-budgetary funds individually shall not increase their indebtedness to commercial banks or development banks except for borrowing undertaken under World Bank programs.

1

06/30/2002

SB

N/A

0

1

2002-06-30

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

23.1

4.1. Pension reforms

The Federation pension fund will adhere to the cut-off dates for contribution collections at the end of each month as specified in the 2000 pension law. The RS pension fund will adhere to the cut-off date of the 10th of each month for contributions collect.

1

Monthly

SB

N/A

0

1

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Banking supervision will be strengthened by enforcing the current prudential regulations.

1

Continuous

SB

Conditions source: IMF/World Bank Lead institution: IMF/World Bank

0

1

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SB

27

8. International trade policy, excluding customs reforms

There will be no new free trade zones.

1

Continuous

SB

N/A

0

1

2023-09-23

N/A

506

BOSNIA AND HERZEGOVINA

963

SBA

2002-08-02

2,002

2003-11-01

2,003

N/A

2002-08-02

P1

R0

E

SPC

26

7. Exchange systems and restrictions (current and capital)

Continued adherence of the Currency Board Arrangement as constituted under the law, incorporating the amendments described in paragraph 10 of the MEFP.

1

Continuous

PC

N/A

0

1

2023-09-23

N/A