TohidA/MONA · Datasets at Hugging Face

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-07-07

P1

R1

BLANK

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

SB

N/A

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-07-07

P1

R1

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

SB

N/A

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-07-07

P1

R1

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

SB

N/A

1

2

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-07-07

P1

R1

BLANK

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

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-07-07

P1

R1

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.

1

2003-04-15

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-07-07

P1

R1

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

N/A

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-07-07

P1

R1

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

N/A

1

2

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-07-07

P1

R1

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.

1

04/30/2003

M

N/A

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

BLANK

PA

20.1

1.1. Revenue measures, excluding trade policy

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

1

Second Review Prior action

M

N/A

2

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

BLANK

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

2

Second Review Prior action

M

N/A

2

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

BLANK

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 inlcude individual taxpayers and illegally imported vehicles

3

Second Review Prior action

M

N/A

2

3

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

BLANK

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

2

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

BLANK

PA

20.8

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

Finalization of financing assurances.

1

Program Prior Action

M

N/A

2

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

BLANK

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

2

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

BLANK

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

2

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

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

2

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

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

2

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

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

1

11/05/2003

PC

N/A

2

1

2003-11-05

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

BLANK

SPC

20.2

1.2. Revenue administration, including customs

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

2

04/30/2003

M

N/A

2

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

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.

2

1

2003-04-15

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

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.

1

04/30/2003

W

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

2

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

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.

2

04/30/2003

W

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

2

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

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

PC

N/A

2

1

2003-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

N/A

2003-10-06

P1

R2

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.

1

04/30/2003

M

N/A

2

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

PA

20.1

1.1. Revenue measures, excluding trade policy

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

1

Second Review Prior action

M

N/A

3

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

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

2

Second Review Prior action

M

N/A

3

2

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

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 inlcude individual taxpayers and illegally imported vehicles

3

Second Review Prior action

M

N/A

3

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

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

3

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

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.

1

Program Prior Action

M

N/A

3

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

PA

20.8

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

Finalization of financing assurances.

2

Program Prior Action

M

N/A

3

2

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

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

3

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

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

1

06/30/2004

SB

N/A

3

1

2004-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

SB

20.8

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

Submit to Congress the 2005 budget law consistent with a deficit target of 5.4 percent of GDP, taking into account the recommendations of the expenditure commission and identified revenue measures.

1

10/31/2004

SB

N/A

3

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

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.

1

10/31/2004

SB

N/A

3

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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.

1

10/31/2004

SB

N/A

3

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

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.

1

09/30/2004

SB

N/A

3

1

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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

Met in April 2003.

3

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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, prepare, and submit to Congress, draft amendments to existing legislation and draft laws, taking into account the principles stated in para. 15 of the March 24, 2003 TMU.

2

11/30/2004

SB

N/A

3

2

2004-11-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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.

3

09/30/2003

NM

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

3

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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

SB

N/A

3

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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

1

11/05/2003

W

Implemented on 1/12/04.

3

1

2003-11-05

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

BLANK

SPC

20.2

1.2. Revenue administration, including customs

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

2

04/30/2003

M

N/A

3

2

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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.

3

09/30/2004

PC

N/A

3

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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.

1

09/30/2004

PC

N/A

3

1

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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.

3

1

2003-04-15

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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.

1

04/30/2003

W

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

3

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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.

2

04/30/2003

W

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

3

2

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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

3

1

2003-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-06-10

P1

R3

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.

1

04/30/2003

M

N/A

3

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

PA

20.1

1.1. Revenue measures, excluding trade policy

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

1

Second Review Prior action

M

N/A

4

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

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

2

Second Review Prior action

M

N/A

4

2

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

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 inlcude individual taxpayers and illegally imported vehicles

3

Second Review Prior action

M

N/A

4

3

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

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

4

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

PA

20.8

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

Finalization of financing assurances.

1

Program Prior Action

M

N/A

4

1

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

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

4

2

2023-09-23

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

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

4

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

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

1

06/30/2004

M

N/A

4

1

2004-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

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.

1

10/31/2004

SB

N/A

4

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

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.

1

10/31/2004

SB

N/A

4

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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.

1

10/31/2004

SB

TA has been provided see MEFP for details.

4

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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.

2

10/31/2004

SB

N/A

4

2

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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.

3

11/30/2004

SB

N/A

4

3

2004-11-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

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.

1

09/30/2004

M

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

4

1

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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

4

1

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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

4

2

2003-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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

SB

At P1R4, ongoing. Six firms identified.

4

3

2004-11-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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

SB

N/A

4

1

2004-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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

1

11/05/2003

W

Implemented on 1/12/04.

4

1

2003-11-05

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

BLANK

SPC

20.2

1.2. Revenue administration, including customs

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

2

04/30/2003

M

N/A

4

2

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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.

3

09/30/2004

PC

At P1R4, approved by Upper House and awaiting approval of the Lower House of Congress.

4

3

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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

4

1

2004-06-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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

4

1

2004-09-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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.

4

1

2003-04-15

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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.

4

1

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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.

4

2

2003-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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

4

1

2003-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2004-12-31

N/A

2004-09-27

P1

R4

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

4

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

PA

20.1

1.1. Revenue measures, excluding trade policy

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

1

Second Review Prior action

M

N/A

5

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

2005-04-08

P1

R5

BLANK

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

2

Second Review Prior action

M

N/A

5

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

2005-04-08

P1

R5

BLANK

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 inlcude individual taxpayers and illegally imported vehicles

3

Second Review Prior action

M

N/A

5

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

2005-04-08

P1

R5

BLANK

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

5

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

2005-04-08

P1

R5

BLANK

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

5

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

2005-04-08

P1

R5

BLANK

PA

20.8

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

Finalization of financing assurances.

1

Program Prior Action

M

N/A

5

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

2005-04-08

P1

R5

BLANK

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

5

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

2005-04-08

P1

R5

BLANK

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

5

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

2005-04-08

P1

R5

BLANK

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

5

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

2005-04-08

P1

R5

BLANK

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

5

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

2005-04-08

P1

R5

BLANK

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.

1

Fifth Review Prior action

M

N/A

5

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

2005-04-08

P1

R5

BLANK

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.

1

09/30/2005

SB

N/A

5

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

2005-04-08

P1

R5

BLANK

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.

2

10/31/2005

SB

N/A

5

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

2005-04-08

P1

R5

BLANK

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

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

20.6

1.6. Expenditure auditing, accounting, and financial controls

Define terms of reference and appoint high-level 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

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

SB

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

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

SB

N/A

5

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

2005-04-08

P1

R5

BLANK

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.

3

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.

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

20.8

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

Submission to Congress of a 2006 budget 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.

4

10/31/2005

SB

N/A

5

4

2005-10-31

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

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.

1

10/31/2004

M

At P1R5, observed and report issued in December 2004.

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

21.1

2.1. Central bank operations and reforms

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

2

04/30/2005

SB

N/A

5

2

2005-04-30

N/A

512

BOLIVIA

218

SBA

2003-04-02

2,003

2004-04-01

2,004

2006-03-31

N/A

2005-04-08

P1

R5

BLANK

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

SB

N/A

5

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

2005-04-08

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

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.

1

09/30/2004

M

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

5

1

2004-09-30

N/A