TohidA/MONA · Datasets at Hugging Face

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Conduct full on-site inspections of at least three banking institutions.

2

12/31/2009

M

N/A

5

2

2009-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Strengthen Liquidity Management by: (a) preparing draft regulations that include the required modifications to financial laws, in consultation with the banking sector and in accordance with IMF staff recommendations approved). (MEFP ¶29).

3

08/31/2009

MD

Introduced at R1.

5

3

2009-08-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Strengthen Liquidity Management by: (b) Submit revised versions of banking law and central bank law to the National Assembly to introduce required reserves (required reserves will be introduced once the legal revisions have been approved).

4

12/31/2009

NM

Introduced at R1.

5

4

2009-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Presentation of the banking law to the National Assembly.

5

12/31/2010

M

Introduced at R2R3. Macro-criticality: Strengthening banking system regulation. at R4, Met. The bill was adopted by the Cabinet in December 2010 and submitted to the National Assembly.

5

2010-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Creation of a unit dedicated to supervision, including AML/CFT supervision.

6

06/30/2011

M

Introduced at R2R3. Macro-criticality: Strengthening bank supervision and AML/CFT. At R4, Met. The unit was created in May 2011 as part of the reorganization of the CBD.

5

6

2011-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Recruitment of two staff for the unit dedicated to supervision.

7

06/30/2011

M

Introduced at R2R3. Macro-criticality: Strengthening bank supervision and AML/CFT. At R4, Met. The two staff have been recruited to strengthen the supervision unit.

5

7

2011-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Develop a roadmap with a precise timetable for the application of the banking laws.

8

09/30/2011

M

Introduced at R4. Motivation: strengthening of banking supervision.

5

8

2011-09-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

27

8. International trade policy, excluding customs reforms

Adoption by the the Cabinet of a customs code consistent with the COMESA zone code.

1

03/31/2011

MD

Introduced at R2R3. Macro-criticality: Regional Trade Integration. Adopted in June 2011.

5

1

2011-03-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Conduct a survey of economic activities with a view to including its results in the estimates of the national accounts, with the support of our development partners.

1

08/31/2009

MOD-DATE

At R1, new test date of end-September 2009.

5

1

2009-08-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Conduct a survey of economic activities with a view to including its results in the estimates of the national accounts, with the support of our development partners.

1

09/30/2009

NM

At R1, new test date.

5

1

2009-09-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

30.1

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

Submit the new Commercial Code, prepared with the assistance of the European Union, to the National Assembly.

1

11/30/2008

MOD-DATE

N/A

5

1

2008-11-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SB

30.1

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

Submit the new Commercial Code, prepared with the assistance of the European Union, to the National Assembly.

1

06/30/2009

NM

N/A

5

1

2009-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SPC

20.1

1.1. Revenue measures, excluding trade policy

Submit the draft VAT Law to the National Assembly, with a single general rate set at 7 percent and implementation to begin with the 2009 budget.

1

11/30/2008

W

Submission was delayed slightly delayed. This condition was observed on Dec. 15, 2008.

5

1

2008-11-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-06-16

N/A

2012-02-06

P1

R5

BLANK

SPC

21.1

2.1. Central bank operations and reforms

Strengthen monetary control by introducing reserve requirements with respect to deposits.

1

08/31/2009

MOD-SB

At R1, this condition is changed from a performance criteria to a benchmark. The test date is also modified to end-December 2009.

5

1

2009-08-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

PA

20

1. General government

Create a macroeconomic unit in charge of program coordination at the Ministry of Finance.

1

Fifth Review Prior action

M

Montivation: Strengthening program monitoring.

6

1

2023-09-23

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Confirm the non-recourse to extrabudgetary expenditures for 2010 up to the latest data available.

1

Combined Second and Third Reviews Prior Action

M

Combined R2R3 Reviews prior action. Macro-criticality: public financial management.

6

1

2023-09-23

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

PA

20.8

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

Present 2011 budget law to the National Assembly, implying a fiscal deficit in line with the ECF target.

1

Combined Second and Third Reviews Prior Action

M

Combined R2R3 Reviews prior action. Macro-criticality: fiscal policy

6

1

2023-09-23

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

PA

24.1

5.1. Public enterprise pricing and subsidies

Increase the diesel price at the pump.

1

Fifth Review Prior action

M

Motivation: Strengthening tax revenue. Diesel price at the pump increased by 8 DF.

6

1

2023-09-23

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Revise the Investment Code to streamline tax exemptions (duration of exemptions, list of tax benefits) and strengthen the procedures and resources for monitoring exempt projects.

1

02/28/2009

M

N/A

6

1

2009-02-28

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Inclusion in the 2012 budget of the lowering of VAT basis from 80 to 50 millions DF.

2

12/31/2011

MOD-DATE

Introduced at R2R3. Macro-criticality: strengthening of tax revenue. New test date is specified at R4.

6

2

2011-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Inclusion in the 2012 budget of the lowering of VAT basis from 80 to 50 millions DF.

2

12/31/2012

M

At R4, new test date specified. At R5, Met. The lowering of the VAT basis was included in the 2012 budget.

6

2

2012-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Prepare a list of enterprises whose tax exempt status has been revoked for failure to file tax returns.

3

03/31/2012

NM

Introduced at R5. Motivation: Strengthening of tax revenue.

6

3

2012-03-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Increase of human resources in the unit in charge of VAT.

1

12/31/2011

M

Introduced at R2R3. Macro-criticality: Strengthening of tax revenue. At R5, Met. The required staff have been recruited in June 2011.

6

1

2011-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Set up the customs revenue management software SYDONIA for all external trade transactions in Djibouti.

2

12/31/2011

M

Introduced at R4. Motivation: strengthening of tax revenue. At R5, Met. The software has been installed for all external trade transactions.

6

2

2011-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.5

1.5. Debt Management

Sign cross-debt agreements with EDD, ONEAD, Djibouti Telecom.

1

09/30/2011

MD

Introduced at R4. Motivation: financial management. At R5, The agreements were finalized with EDD and Djibouti Telecom in September, and with ONEAD in November.

6

1

2011-09-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce a single Treasury account.

1

05/31/2009

MOD-SB

New text specified at R1.

6

1

2009-05-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Budget and expenditure management by: (a) introducing a single Treasury account (MEFP ¶21, TMU ¶57) and, in addition, implementing additional measures as discussed in ¶5 of this LOI.

2

05/31/2009

MD

Text revised at R1.

6

2

2009-05-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Budget and expenditure management by: (b) modifying the accounting criteria in budget accounts to comply strictly with the definition of arrears in the IMF’s 2001 GFSM (LOI ¶9).

3

12/31/2009

M

Introduced at R1.

6

3

2009-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Budget and expenditure management by: (c) introducing a mechanism to ensure that payment is made during the grace period by immediately reimbursing external debt loans endorsed by the Government if the borrowing enterprise has not settled its obligations during the week following the due date (LOI ¶7).

4

12/31/2009

NM

N/A

6

4

2009-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Budget and expenditure management by: (c) introducing a mechanism to ensure that payment is made during the grace period by immediately reimbursing external debt loans endorsed by the Government if the borrowing enterprise has not settled its obligations during the week following the due date (LOI ¶7).

4

Continuous

NM

Introduced at R1. Continuous beginning April 1, 2009.

6

4

2023-09-23

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Prepare a report estimating fiscal expenditures due to exemptions.

5

06/30/2012

CAN

Introduced at R4. Motivation: strengthening of tax revenue. At R5, "removed".

6

5

2012-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publish: (i) the audited accounts of the social security funds and of the principal public enterprises, within nine months of year-end; (ii) the TOFE within 60 days of each month-end; and (iii) preliminary year-end budget execution data, within five months of the end of the year.

1

12/31/2008

M

Met for R1.

6

1

2008-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publish: (i) the audited accounts of the social security funds and of the principal public enterprises, within nine months of year-end; (ii) the TOFE within 60 days of each month-end; and (iii) preliminary year-end budget execution data, within five months of the end of the year.

1

06/30/2009

M

N/A

6

1

2009-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publish: (i) the audited accounts of the social security funds and of the principal public enterprises, within nine months of year-end; (ii) the TOFE within 60 days of each month-end; and (iii) preliminary year-end budget execution data, within five months of the end of the year.

1

Other

M

N/A

6

1

2023-09-23

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Strengthening of budget transparency with the monthly publication of the TOFE on the Ministry of Finance Web site.

2

12/31/2010

NM

At R4, not met. The data for December 2010 and January and February 2011 were published after delay, due to a break in the publication of the monthly TOFE.

6

2

2010-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Strengthening of budget transparency with the monthly publication of the TOFE on the Ministry of Finance Web site.

2

Monthly

MOD-SB

Introduced at R2R3. Macro-criticality: Fiscal transparency. At R4, text of condition is modified to "Monthly publication of the TOFE on the MOF website with a maximum lag of two months." (See new item on this condition).

6

2

2023-09-23

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Monthly publication of the TOFE on the Ministry of Finance website with a maximum lag of two months.

3

06/30/2011

NM

Not met. The data for December through August 2011 were published with a delay.

6

3

2011-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Monthly publication of the TOFE on the Ministry of Finance website with a maximum lag of two months.

3

12/31/2011

M

Met (for the period since the 5th Review).

6

3

2011-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Monthly publication of the TOFE on the Ministry of Finance website with a maximum lag of two months.

3

Monthly

M

At R4, this was previously a structural benchmark but text of condition is modified.

6

3

2023-09-23

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.8

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

Recruitment of qualified staff in the budget Department for the preparation of the MTBF.

1

06/30/2011

M

Introduced at R2R3. Macro-criticality: PFM-Budget process. At R4, the recruitment process has been initiated with the publication of the job advert for the four positions (1 lawyer and 3 economists). At R5, Met. One jurist and three economists were recruited in June 2011 and started work in July 2011.

6

1

2011-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.8

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

Acquisition of the software for the introduction of the new budget classification.

2

06/30/2011

MOD-DATE

Introduced at R2R3. Macro-criticality: PFM-Budget process. At R4, The authorities have started consultations with countris in North Africa for the acquisition of the software, but it will be necessary to postpone the deadline to December 2011 because of financing difficulties.

6

2

2011-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

20.8

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

Acquisition of the software for the introduction of the new budget classification.

2

12/31/2011

NM

New test date specified at R4. At R5, Not met. The AfDB has agreed to fund the acquisition of the software. The authorities have started consultations with countries in North Africa for the acquisition of the software.

6

2

2011-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Strengthen the BCD's safeguards framework by: (a) adopting external auditor selection procedures to ensure that the Bank appoints international audit firms to conduct the annual external audits in accordance with International Standards on Auditing.

1

06/30/2009

MD

Introduced at R1.

6

1

2009-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Strengthen the BCD's safeguards framework by: (b) appointing the external auditors for 2009–11.

2

09/30/2009

MD

Introduced at R1.

6

2

2009-09-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Adoption of an official timetable for biannual meetings of the Board of Directors and extension of its rights to oversee internal control.

3

06/30/2011

MD

Introduced at R2R3. Macro-criticality: Strengthening Central Bank governance. At R4, The Board of Directors have agreed to set up a committee tasked with monitoring internal control. At R5, the timetable was approved with a delay in September 2011.

6

3

2011-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Approval of audit reports and publishing the audit opinion on the CBD website six months after the end of the fiscal year.

4

12/31/2011

MOD-SB

Introduced at R2R3. Macro-criticality: Strengthening Central Bank governance. At R5, text of condition was modified to "Publication of the full set of 2010 audited financial statements of the CBD on the CBD website, including the audit opinion and disclosure notes." (See new item added.)

6

4

2011-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Publication of the full set of 2010 audited financial statements of the CBD on the CBD website, including the audit opinion and disclosure notes.

5

12/31/2011

NM

Text of condition revised at R5. Former text of condition was "Approval of audit reports and publishing the audit opinion on the CBD website six months after the end of the fiscal year". At R5, The audited 2010 accounts have been published on the CBD website, but with only part of the audit report.

6

5

2011-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

22

3. Civil service and public employment reforms, and wages

Reorganize and adjust the provision of human resources to the Electricity Department of Djibouti (EDD) so as to reduce personnel costs, in accordance with the results of a study undertaken by an independent, specialized international firm regarding the scope of the adjustment, with plans for early retirement and the redeployment of excess employees to other short-staffed public utilities.

1

08/31/2009

MOD-DATE

At R2R3, New test date specified.

6

1

2009-08-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

22

3. Civil service and public employment reforms, and wages

Reorganize and adjust the provision of human resources to the Electricity Department of Djibouti (EDD) so as to reduce personnel costs, in accordance with the results of a study undertaken by an independent, specialized international firm regarding the scope of the adjustment, with plans for early retirement and the redeployment of excess employees to other short-staffed public utilities.

1

03/31/2010

MD

N/A

6

1

2010-03-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

24

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

Produce a progress report and then a final report on the reorganization and adjustment of human resources to the EDD so as to reduce personnel costs, in accordance with the results of a study to be undertaken by an independent, specialized international firm regarding the size of the adjustment, with early retirement plans and redeployment of redundant staff in other departments that require additional staff. The report and recommendations will be ready by end-December 2009 and a progress report on the study will be prepared by end-September 2009 (MEFP ¶38).

1

12/31/2009

MD

Introduced at R1.

6

1

2009-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Increase the staffing of the Financial Intelligence Unit (FIU), its resources, and its independence, to enable it to carry out its mission properly, taking account of the recommendations of the AML/CFT mission of the IMF Legal Department.

1

08/31/2009

MOD-DATE

N/A

6

1

2009-08-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Increase the staffing of the Financial Intelligence Unit (FIU), its resources, and its independence, to enable it to carry out its mission properly, taking account of the recommendations of the AML/CFT mission of the IMF Legal Department.

1

12/31/2009

MD

N/A

6

1

2009-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Conduct full on-site inspections of at least three banking institutions.

2

08/31/2009

MOD-DATE

New test date of 12/31/2009.

6

2

2009-08-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Conduct full on-site inspections of at least three banking institutions.

2

12/31/2009

M

N/A

6

2

2009-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Strengthen Liquidity Management by: (a) preparing draft regulations that include the required modifications to financial laws, in consultation with the banking sector and in accordance with IMF staff recommendations approved). (MEFP ¶29).

3

08/31/2009

MD

Introduced at R1.

6

3

2009-08-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Strengthen Liquidity Management by: (b) Submit revised versions of banking law and central bank law to the National Assembly to introduce required reserves (required reserves will be introduced once the legal revisions have been approved).

4

12/31/2009

NM

Introduced at R1.

6

4

2009-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Presentation of the banking law to the National Assembly.

5

12/31/2010

M

Introduced at R2R3. Macro-criticality: Strengthening banking system regulation. at R4, Met. The bill was adopted by the Cabinet in December 2010 and submitted to the National Assembly.

6

5

2010-12-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Creation of a unit dedicated to supervision, including AML/CFT supervision.

6

06/30/2011

M

Introduced at R2R3. Macro-criticality: Strengthening bank supervision and AML/CFT. At R4, Met. The unit was created in May 2011 as part of the reorganization of the CBD.

6

2011-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Recruitment of two staff for the unit dedicated to supervision.

7

06/30/2011

M

Introduced at R2R3. Macro-criticality: Strengthening bank supervision and AML/CFT. At R4, Met. The two staff have been recruited to strengthen the supervision unit.

6

7

2011-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Develop a roadmap with a precise timetable for the application of the banking laws.

8

09/30/2011

M

Introduced at R4. Motivation: strengthening of banking supervision.

6

8

2011-09-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

27

8. International trade policy, excluding customs reforms

Adoption by the the Cabinet of a customs code consistent with the COMESA zone code.

1

03/31/2011

MD

Introduced at R2R3. Macro-criticality: Regional Trade Integration. Adopted in June 2011.

6

1

2011-03-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Conduct a survey of economic activities with a view to including its results in the estimates of the national accounts, with the support of our development partners.

1

08/31/2009

MOD-DATE

At R1, new test date of end-September 2009.

6

1

2009-08-31

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Conduct a survey of economic activities with a view to including its results in the estimates of the national accounts, with the support of our development partners.

1

09/30/2009

NM

At R1, new test date.

6

1

2009-09-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

30.1

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

Submit the new Commercial Code, prepared with the assistance of the European Union, to the National Assembly.

1

11/30/2008

MOD-DATE

N/A

6

1

2008-11-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SB

30.1

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

Submit the new Commercial Code, prepared with the assistance of the European Union, to the National Assembly.

1

06/30/2009

NM

N/A

6

1

2009-06-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SPC

20.1

1.1. Revenue measures, excluding trade policy

Submit the draft VAT Law to the National Assembly, with a single general rate set at 7 percent and implementation to begin with the 2009 budget.

1

11/30/2008

W

Submission was delayed slightly delayed. This condition was observed on Dec. 15, 2008.

6

1

2008-11-30

N/A

598

DJIBOUTI

611

PRGF

2008-09-17

2,008

2011-09-16

2,011

2012-05-31

N/A

2012-05-23

P1

R6

L

SPC

21.1

2.1. Central bank operations and reforms

Strengthen monetary control by introducing reserve requirements with respect to deposits.

1

08/31/2009

MOD-SB

At R1, this condition is changed from a performance criteria to a benchmark. The test date is also modified to end-December 2009.

6

1

2009-08-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

PA

20.4

1.4. Combined expenditure and revenue measures

Implement fiscal measures in the FY 2002/03 budget including a stabilization levy, sales tax on telecommunication services, increase in fuel prices, and a limit on the wage bill.

1

Program Prior Action

M

N/A

0

1

2023-09-23

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Comprehensive review of tax system

1

12/31/2002

SB

N/A

0

1

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Conduct expenditure review

1

03/31/2003

SB

N/A

0

1

2003-03-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Review of Public Sector Investment Program

2

12/31/2002

SB

N/A

0

2

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

22

3. Civil service and public employment reforms, and wages

Implement Civil Service reform agenda

1

06/30/2003

SB

N/A

0

1

2003-06-30

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

22

3. Civil service and public employment reforms, and wages

Prepare comprehensive Civil Service Reform Program

2

03/31/2003

SB

N/A

0

2

2003-03-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

24.2

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

Complete study of feasibility in eliminating DEXIA's import monopoly on sugar and rice

1

12/31/2002

SB

N/A

0

1

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

24.2

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

Create Special Fund for privatization proceeds

2

03/31/2003

SB

N/A

0

2

2003-03-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

24.2

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

Dominica Banana Marketing Corporation

3

09/30/2002

SB

EU lead institution

0

3

2002-09-30

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

24.2

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

Study regarding the feasibility of turning the NDC into a self-financing agency

4

12/31/2002

SB

N/A

0

4

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

24.3

5.3. Price controls and marketing restrictions

Eliminate price controls on fuel and cement

1

06/30/2003

SB

N/A

0

1

2003-06-30

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

24.3

5.3. Price controls and marketing restrictions

Eliminate price controls on all items except Fuel and Cement

2

12/31/2002

SB

N/A

0

2

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Comprehensive review of the financial sector

1

12/31/2002

SB

N/A

0

1

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Place all non-bank financial institutions under Minitry of Finance Supervision with support from the ECCB

2

06/30/2003

SB

Lead Institution ECCB

0

2

2003-06-30

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

N/A

2002-08-28

P1

R0

E

SPC

20.1

1.1. Revenue measures, excluding trade policy

Implementation of tax reform measures in line with CARTAC technical assistance mission by June 30, 2003

1

06/30/2003

PC

N/A

0

1

2003-06-30

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

PA

20.4

1.4. Combined expenditure and revenue measures

Implement fiscal measures in the FY 2002/03 budget including a stabilization levy, sales tax on telecommunication services, increase in fuel prices, and a limit on the wage bill.

1

Program Prior Action

M

N/A

1

2023-09-23

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Implement effective fiscal cash management procedures

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

PA

20.8

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

Approval of budget for FY03/04 consistent with the program, including the fiscal package for 2.5 percent of GDP

1

First Review Prior action

M

N/A

1

2023-09-23

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Comprehensive review of tax system

1

12/31/2002

M

N/A

1

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

20.5

1.5. Debt Management

Provision to Fund staff of a debt strategy that ensures public sector debt sustainability over the medium-term based upon conservative assumptions

1

09/30/2003

SB

N/A

1

2003-09-30

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Conduct public expenditure review

1

03/31/2003

NM

N/A

1

2003-03-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Review of Public Sector Investment Program

2

12/31/2002

NM

N/A

1

2

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Prepare comprehensive Civil Service Reform Program

1

03/31/2003

MOD-SB

This SB was altered to "Design a detailed public sector reform strategy covering public sector employment" in R1.

1

2003-03-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Implement Civil Service reform agenda

2

06/30/2003

NM

N/A

1

2

2003-06-30

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Design a detailed public sector reform strategy covering public sector employment

3

10/31/2003

SB

N/A

1

3

2003-10-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

24.2

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

Study regarding the feasibility of turning the NDC into a self-financing agency

1

12/31/2002

NM

N/A

1

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

24.2

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

Dominica Banana Marketing Corporation

2

09/30/2002

M

N/A

1

2

2002-09-30

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

24.2

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

Create Special Fund for privatization proceeds

3

03/31/2003

NM

N/A

1

3

2003-03-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

24.2

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

Complete study of feasibility in eliminating DEXIA's import monopoly on sugar and rice

4

12/31/2002

NM

N/A

1

4

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

24.3

5.3. Price controls and marketing restrictions

Eliminate price controls on all items except Fuel and Cement

1

12/31/2002

MD

N/A

1

2002-12-31

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

24.3

5.3. Price controls and marketing restrictions

Eliminate price controls on fuel and cement

2

06/30/2003

MOD-SB

This SB was altered to "Substitute price controls on fuel with an automatic adjustment mechanism" after it was not met in R1.

1

2

2003-06-30

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

24.3

5.3. Price controls and marketing restrictions

Substitute price controls on fuel with an automatic adjustment mechanism

3

09/30/2003

SB

N/A

1

3

2003-09-30

N/A

518

DOMINICA

321

SBA

2002-08-28

2,002

2003-08-27

2,003

2004-02-28

N/A

2003-07-28

P1

R1

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Place all non-bank financial institutions under Minitry of Finance Supervision with support from the ECCB

1

06/30/2003

NM

N/A

1

2003-06-30

N/A