TohidA/MONA · Datasets at Hugging Face

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-02-01

P1

R5

BLANK

SPC

20.3

1.3. Expenditure measures, including arrears clearance

Refrain from providing budgetary subsidy to Electra for current operating expenses.

2

Continuous

PC

N/A

5

2

2023-09-23

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-02-01

P1

R5

BLANK

SPC

21.1

2.1. Central bank operations and reforms

New organic central bank law to strenghten statutory independence of the central bank to become effective

1

06/30/2002

M

N/A

5

1

2002-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-02-01

P1

R5

BLANK

SPC

30.1

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

Approval by the Council of Ministers of the automatic and transparent pricing mechanism for retail petroleum products, publication of such mechanism in the official gazette, and implementation of such mechanism.

1

06/30/2002

WMOD-DATE

At P1R1, test date was posponed to 1/31/2003.

5

1

2002-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-02-01

P1

R5

BLANK

SPC

30.1

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

Approval by the Council of Ministers of the automatic and transparent pricing mechanism for retail petroleum products, publication of such mechanism in the official gazette, and implementation of such mechanism.

1

01/31/2003

M

N/A

5

1

2003-01-31

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-02-01

P1

R5

BLANK

SPC

30.1

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

Approval by the Board of the ARE of an automatic and transparent mechanism for adjusting electricity and water tariffs on the basis of costs, and publication of such mechanism in the official gazette.

2

12/31/2004

PC

N/A

5

2

2004-12-31

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

PA

20.1

1.1. Revenue measures, excluding trade policy

Submission of VAT legislation to the National Assembly

1

Program Prior Action

M

N/A

6

1

2023-09-23

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

PA

21.1

2.1. Central bank operations and reforms

Approval by the Council of Ministers of new central bank organic law to strenghten statutory independence of central bank.

1

Program Prior Action

M

N/A

6

1

2023-09-23

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Inclusion of VAT and external tariff reform in 2003 budget

1

10/31/2002

MOD-DATE

Test date postponed until 6/30/2003.

6

1

2002-10-31

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Inclusion of VAT and external tariff reform in 2003 budget

1

06/30/2003

MOD-DATE

VAT implementation postponed until 01/01/2004.

6

1

2003-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Inclusion of VAT and external tariff reform in 2003 budget

1

01/01/2004

M

N/A

6

1

2004-01-01

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Complete comprehensive assessment of the cost of all tax exemption and incentives.

2

06/30/2004

MD

At P1R5, assessment conducted in November 2004.

6

2

2004-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Inclusion of VAT and external tariff reform in 2004 budget

3

10/31/2003

M

N/A

6

3

2003-10-31

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Implementation of new rules for tax collections through commercial banks.

1

02/28/2005

NM

At P1R6, protocol issued to banks, and waiting for response.

6

1

2005-02-28

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Establish VAT processing offices in four main districts.

3

12/31/2004

M

N/A

6

3

2004-12-31

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Establish VAT Service and Information Unit

4

09/30/2004

M

N/A

6

4

2004-09-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Introduction of all VAT returns into the VAT computer system.

5

12/31/2004

M

N/A

6

5

2004-12-31

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.5

1.5. Debt Management

Establishment of external debt management committee to oversee external debt strategy and ensure timely payments of debt service falling due.

1

02/28/2002

M

N/A

6

1

2002-02-28

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Approval by the Council of Ministers of the amended National Accounting Plan.

1

09/30/2003

M

N/A

6

1

2003-09-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Conclude report on government's financial liabilities to Electra

3

09/30/2004

NM

At P1R5, negotiations underway.

6

3

2004-09-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Submit report of fical operations for first quarter of 2004 to the National Assembly.

1

06/30/2004

M

N/A

6

1

2004-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Present report on fiscal operations in the first half of 2004 to the National Assembly.

2

09/30/2004

M

N/A

6

2

2004-09-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

20.8

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

Present budget incorporating reduction of tax exemptions to the National Assembly.

1

12/31/2004

M

N/A

6

1

2004-12-31

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

24.2

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

Begin external audit of Electra.

1

06/30/2003

M

N/A

6

1

2003-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

30.1

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

Approval by the Council of Ministers of the decree establishing the multi-sector regulatory agency.

1

09/30/2003

M

N/A

6

1

2003-09-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

30.1

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

Adopt regulations establishing the methodology for determining electricity and water tariffs at the Economic Regulatory Agency.

2

06/30/2004

MOD-DATE

At P1R5, still in preparation. Implementation delayed to end-December 2004.

6

2

2004-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SB

30.1

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

Adopt regulations establishing the methodology for determining electricity and water tariffs at the Economic Regulatory Agency.

2

12/31/2004

SB

N/A

6

2

2004-12-31

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SPC

20.2

1.2. Revenue administration, including customs

Approval by the Council of Ministers of the VAT pre-registration decree.

1

06/30/2003

M

N/A

6

1

2003-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SPC

20.3

1.3. Expenditure measures, including arrears clearance

Refrain from providing budgetary subsidy to Electra for current operating expenses.

1

06/30/2004

M

Met for P1R4, P1R5, P1R6. At P1R5, modified from "Refrain from providing budgetary subsidy to Electra until MOU on monitoring is signed" to "Refrain from providing budgetary subsidy to Electra for current operating expenses".

6

1

2004-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SPC

20.3

1.3. Expenditure measures, including arrears clearance

Refrain from providing budgetary subsidy to Electra for current operating expenses.

1

Continuous

M

N/A

6

1

2023-09-23

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SPC

20.3

1.3. Expenditure measures, including arrears clearance

Refrain from providing budgetary subsidy to TACV.

2

06/30/2004

M

Met for P1R4, P1R5, P1R6.

6

2

2004-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SPC

20.3

1.3. Expenditure measures, including arrears clearance

Refrain from providing budgetary subsidy to TACV.

2

Continuous

M

Written as "Refrain from providing budgetary subsidy to TACV for current operating expenses."

6

2

2023-09-23

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SPC

21.1

2.1. Central bank operations and reforms

New organic central bank law to strenghten statutory independence of the central bank to become effective

1

06/30/2002

M

N/A

6

1

2002-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SPC

30.1

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

Approval by the Board of the ARE of an automatic and transparent mechanism for adjusting electricity and water tariffs on the basis of costs, and publication of such mechanism in the official gazette.

1

12/31/2004

W

N/A

6

1

2004-12-31

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SPC

30.1

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

Approval by the Council of Ministers of the automatic and transparent pricing mechanism for retail petroleum products, publication of such mechanism in the official gazette, and implementation of such mechanism.

2

06/30/2002

WMOD-DATE

At P1R1, test date was posponed to 1/31/2003.

6

2

2002-06-30

N/A

515

CAPE VERDE

624

PRGF

2002-04-10

2,002

2004-12-31

2,004

2005-07-31

N/A

2005-05-25

P1

R6

L

SPC

30.1

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

Approval by the Council of Ministers of the automatic and transparent pricing mechanism for retail petroleum products, publication of such mechanism in the official gazette, and implementation of such mechanism.

2

01/31/2003

M

N/A

6

2

2003-01-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2006-07-31

P1

R0

E

SAC

30.1

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

Complete implementation of the automatic utility tariff adjustment mechanism.

1

09/30/2006

AC

N/A

0

1

2006-09-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2006-07-31

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit draft legislation to National Assembly on streamlining of tax incentives and exemptions.

1

06/30/2007

SB

N/A

0

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2006-07-31

P1

R0

E

SB

20.3

1.3. Expenditure measures, including arrears clearance

Implementation of the medium-term expenditure framework (MTEF)

1

06/30/2007

SB

N/A

0

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2006-07-31

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Implement laws to strengthen the Court of Auditors (TdC) and National Chart of Public Accounts.

1

06/30/2007

SB

N/A

0

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2006-07-31

P1

R0

E

SB

22

3. Civil service and public employment reforms, and wages

Establish macroeconomic policy unit in the Ministry of Finance and Public Administration.

1

12/31/2006

SB

N/A

0

1

2006-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2006-07-31

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Complete Action Plan of task force assessing measures to ensure that financial sector regulation and supervision is in line with best international practice, including provisions applying to IFIs and AML/CFT.

1

09/30/2006

SB

N/A

0

1

2006-09-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2006-07-31

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Sign formal information sharing agreements with home country supervisors of subsidiaries and branches established in Cape Verde.

2

12/31/2006

SB

N/A

0

2

2006-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2006-07-31

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Implement recommendations of task force on financial sector reform.

3

06/30/2007

SB

N/A

0

3

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-01-22

P1

R1

BLANK

SAC

30.1

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

Complete implementation of the automatic utility tariff adjustment mechanism.

1

09/30/2006

WMOD-DATE

At P1R1, the sac concerning implementation of the automatic adjustment mechanism for electricity and water tariffs was missed as a result of delays brought about by the change in the ownership structure of Electra in September 2006. Reset to end-March 2007.

1

2006-09-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-01-22

P1

R1

BLANK

SAC

30.1

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

Complete implementation of the automatic utility tariff adjustment mechanism.

1

03/31/2007

AC

At R1, now worded: "Full implementation of the automatic utility tariff adjustment mechanism"

1

2007-03-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-01-22

P1

R1

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit draft legislation to National Assembly on streamlining of tax incentives and exemptions.

1

06/30/2007

SB

N/A

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-01-22

P1

R1

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit the revised income tax code to the National Assembly.

2

06/30/2007

SB

N/A

1

2

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-01-22

P1

R1

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Implementation of the medium-term expenditure framework (MTEF)

1

06/30/2007

SB

N/A

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-01-22

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Implement laws to strengthen the Court of Auditors (TdC) and National Chart of Public Accounts.

1

06/30/2007

SB

N/A

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-01-22

P1

R1

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Establish macroeconomic policy unit in the Ministry of Finance and Public Administration.

1

12/31/2006

M

N/A

1

2006-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-01-22

P1

R1

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Complete Action Plan of task force assessing measures to ensure that financial sector regulation and supervision is in line with best international practice, including provisions applying to IFIs and AML/CFT.

1

09/30/2006

NM

At P1R1, the draft action plan for financial sector development is still under preparation by the BCV organized task force. A consultant is assessing the legal and institutional framework for the financial sector. Specific recommendations for strengthening and developing this sector will be formulated by the end of 2006 and incorporated into the BCV's 2007 work plan.

1

2006-09-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-01-22

P1

R1

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Implement recommendations of task force on financial sector reform.

2

06/30/2007

SB

N/A

1

2

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-01-22

P1

R1

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Sign formal information sharing agreements with home country supervisors of subsidiaries and branches established in Cape Verde.

3

12/31/2006

SB

N/A

1

3

2006-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SAC

30.1

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

Complete implementation of the automatic utility tariff adjustment mechanism.

1

09/30/2006

WMOD-DATE

At P1R1, the sac concerning implementation of the automatic adjustment mechanism for electricity and water tariffs was missed as a result of delays brought about by the change in the ownership structure of Electra in September 2006. Reset to end-March 2007.

2

1

2006-09-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SAC

30.1

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

Complete implementation of the automatic utility tariff adjustment mechanism.

1

03/31/2007

M

At R1, now worded: "Full implementation of the automatic utility tariff adjustment mechanism"

2

1

2007-03-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SAC

30.1

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

Finalize and publish the mechanism for setting base utility tariffs.

2

06/30/2007

AC

N/A

2

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SAC

30.1

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

Fully apply mechanisms for setting and adjusting electricity, water, and fuel prices.

3

Continuous

AC

At P1R2, test date set as "continuous" as of July 1, 2007.

2

3

2023-09-23

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit the draft individual and corporate income tax bills to the National Assembly.

1

12/31/2007

SB

Originally written as "Submit the revised income tax code to the National Assembly."

2

1

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit draft legislation to National Assembly on streamlining of tax incentives and exemptions.

2

06/30/2007

MOD-DATE

At P1R2, reset to end-December 2007.

2

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit draft legislation to National Assembly on streamlining of tax incentives and exemptions.

2

12/31/2007

SB

N/A

2

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit the revised income tax code to the National Assembly.

3

06/30/2007

MOD-DATE

At P1R2, reset to end-December 2007.

2

3

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit the revised income tax code to the National Assembly.

3

12/31/2007

SB

Reworded to "submit the draft individual and corporate income tax bills to the National Assembly"(12/31/2007).

2

3

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit the new General Tax Code to the National Assembly.

4

12/31/2007

SB

N/A

2

4

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Large taxpayers unit to be fully operational.

1

06/30/2007

SB

N/A

2

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Implementation of the medium-term expenditure framework (MTEF)

1

06/30/2007

SB

N/A

2

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Implement laws to strengthen the Court of Auditors (TdC) and National Chart of Public Accounts.

1

06/30/2007

SB

N/A

2

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Establish macroeconomic policy unit in the Ministry of Finance and Public Administration.

1

12/31/2006

M

N/A

2

1

2006-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Finalize reform strategy for DGCI (the General Directorate for International Cooperation).

2

12/31/2007

SB

N/A

2

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Complete Action Plan of task force assessing measures to ensure that financial sector regulation and supervision is in line with best international practice, including provisions applying to IFIs and AML/CFT.

1

09/30/2006

NM

At P1R1, the draft action plan for financial sector development is still under preparation by the BCV organized task force. A consultant is assessing the legal and institutional framework for the financial sector. Specific recommendations for strengthening and developing this sector will be formulated by the end of 2006 and incorporated into the BCV's 2007 work plan.

2

1

2006-09-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Implement recommendations of task force on financial sector reform.

2

06/30/2007

SB

N/A

2

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Sign formal information sharing agreements with home country supervisors of subsidiaries and branches established in Cape Verde.

3

12/31/2006

PM

At P1R2, "discussions are well advanced on information-sharing agreements with home country supervisors of institutions operating in Cape Verde, although formal agreements have not yet been signed. An AML/CFT assessment mission from the IMF is planned for the second quarter of 2007. To safeguard Cape Verde's good reputation, staff reiterated the need for caution in granting offshore licenses until the regulatrory environment is consistent with international standards."

2

3

2006-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-05-07

P1

R2

BLANK

SB

30.1

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

Submit the new Code on Judicial Processes to the National Assembly.

1

12/31/2007

SB

N/A

2

1

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SAC

20.4

1.4. Combined expenditure and revenue measures

Complete a formal mid-year review of revenue and expenditure developments that allows for taking corrective actions if necessary.

1

08/31/2008

AC

N/A

3

1

2008-08-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SAC

30.1

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

Complete implementation of the automatic utility tariff adjustment mechanism.

1

09/30/2006

WMOD-DATE

At P1R1, the sac concerning implementation of the automatic adjustment mechanism for electricity and water tariffs was missed as a result of delays brought about by the change in the ownership structure of Electra in September 2006. Reset to end-March 2007.

3

1

2006-09-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SAC

30.1

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

Complete implementation of the automatic utility tariff adjustment mechanism.

1

03/31/2007

M

At R1, now worded: "Full implementation of the automatic utility tariff adjustment mechanism"

3

1

2007-03-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SAC

30.1

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

Finalize and publish the mechanism for setting base utility tariffs.

2

06/30/2007

WMOD-DATE

Waived at P1R3, and test date reset to 3/31/08.

3

2

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SAC

30.1

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

Finalize and publish the mechanism for setting base utility tariffs.

2

03/31/2008

AC

N/A

3

2

2008-03-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SAC

30.1

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

Fully apply mechanisms for setting and adjusting electricity, water, and fuel prices.

3

07/31/2007

W

At P1R3, waiver granted.

3

2007-07-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SAC

30.1

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

Fully apply mechanisms for setting and adjusting electricity, water, and fuel prices.

3

Continuous

AC

At P1R2, test date set as "continuous" as of July 1, 2007.

3

2023-09-23

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit the draft individual and corporate income tax bills to the National Assembly.

1

06/30/2007

MOD-DATE

At P1R2, reset to end-December 2007.

3

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit the draft individual and corporate income tax bills to the National Assembly.

1

12/31/2007

SB

At P1R3, reworded to "submit the draft individual and corporate income tax bills to the National Assembly"(12/31/2007).

3

1

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit draft legislation to National Assembly on streamlining of tax incentives and exemptions.

2

06/30/2007

MOD-DATE

At P1R2, reset to end-December 2007.

3

2

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit draft legislation to National Assembly on streamlining of tax incentives and exemptions.

2

12/31/2007

MOD-SB

At P1R3, measure was split into 2 sbs which make them more monitorable and continue to support the thrust of the original sb. These replacement sbs are: 1) submit the new General Tax Code to the National Assembly (12/31/07), and 2) submit the new Code on Judicial Processes to the National Assembly (12/31/07).

3

2

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit the new General Tax Code to the National Assembly.

3

12/31/2007

SB

N/A

3

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Large taxpayers unit to be fully operational.

1

06/30/2007

M

N/A

3

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Implementation of the medium-term expenditure framework (MTEF)

1

06/30/2007

PM

At P1R3, "in progress". The sectoral coverage of the medium-term expenditure framework (MTEF) is steadily being expanded and this, together with the MTEF's global framework for revenue and spending, will support the preparation of the state budget for 2008 and future years. Implementation of the SIGOF system, whose coverage is also increasing, is providing a valuable tool for controlling budget execution and for monitoring outturns.

3

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Instituting November 30 as deadline for granting new spending commitments to reduce end year payment pressure.

2

10/31/2007

SB

N/A

3

2

2007-10-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Implement laws to strengthen the Court of Auditors (TdC) and National Chart of Public Accounts.

1

06/30/2007

PM

At P1R3, "in preparation". The law concerning the Court of Auditors was approved by the Council of Ministers, and submitted to the National Assembly. A judge was appointed for this Court, and a new customs audit court is to be set up and the Tax Inspectorate will be strengthened and modernized. As for internal audit, a new budget framework law will create the positions of finacial controllers in 2008 to strengthen internal audit.

3

1

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Establish macroeconomic policy unit in the Ministry of Finance and Public Administration.

1

12/31/2006

M

N/A

3

1

2006-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Finalize reform strategy for DGCI (the General Directorate for International Cooperation).

2

12/31/2007

SB

N/A

3

2

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Complete Action Plan of task force assessing measures to ensure that financial sector regulation and supervision is in line with best international practice, including provisions applying to IFIs and AML/CFT.

1

09/30/2006

NM

At P1R1, the draft action plan for financial sector development is still under preparation by the BCV organized task force. A consultant is assessing the legal and institutional framework for the financial sector. Specific recommendations for strengthening and developing this sector will be formulated by the end of 2006 and incorporated into the BCV's 2007 work plan.

3

1

2006-09-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Implement recommendations of task force on financial sector reform.

2

06/30/2007

PM

At P1R3, "in progress. Particular attention is being given to the offshore banking center in view of the reputational risks that could arise if this area if not adequately regulated. A consultant's report assessing the legal and institutional framework has been completed and, following discussions with key stakeholders, specific legislative proposals will be prepared. A revised decree law to further liberalize the capital account has been drafted and should soon be submitted to the Government for approval.

3

2

2007-06-30

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit to the National Assembly legislation to establish a Financial Intelligence Unit.

3

03/31/2008

SB

N/A

3

2008-03-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit to the National Assembly legislation to criminalize financing of terrorism and facilitate the combating of financing of terrorism.

4

03/31/2008

SB

N/A

3

4

2008-03-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit to the National Assembly legislation to strengthen the framework for combating money laundering.

5

03/31/2008

SB

N/A

3

5

2008-03-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Sign formal information sharing agreements with home country supervisors of subsidiaries and branches established in Cape Verde.

6

12/31/2006

PM

At P1R2, "discussions are well advanced on information-sharing agreements with home country supervisors of institutions operating in Cape Verde, although formal agreements have not yet been signed. An AML/CFT assessment mission from the IMF is planned for the second quarter of 2007. To safeguard Cape Verde's good reputation, staff reiterated the need for caution in granting offshore licenses until the regulatrory environment is consistent with international standards." At P1R3, "in progress".

3

6

2006-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

30.1

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

Finalize and publish a revised mechanism for adjusting petroleum prices.

1

03/31/2008

SB

N/A

3

1

2008-03-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2007-12-21

P1

R3

BLANK

SB

30.1

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

Submit the new Code on Judicial Processes to the National Assembly.

2

12/31/2007

SB

N/A

3

2

2007-12-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2008-06-30

P1

R4

BLANK

SAC

20.4

1.4. Combined expenditure and revenue measures

Complete a formal mid-year review of revenue and expenditure developments that allows for taking corrective actions if necessary.

1

08/31/2008

AC

N/A

4

1

2008-08-31

N/A

583

CAPE VERDE

624

PSI

2006-07-31

2,006

2009-07-30

2,009

N/A

2008-06-30

P1

R4

BLANK

SAC

30.1

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

Complete implementation of the automatic utility tariff adjustment mechanism.

1

09/30/2006

WMOD-DATE

At P1R1, the sac concerning implementation of the automatic adjustment mechanism for electricity and water tariffs was missed as a result of delays brought about by the change in the ownership structure of Electra in September 2006. Reset to end-March 2007.

4

1

2006-09-30

N/A