TohidA/MONA · Datasets at Hugging Face

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2008-06-04

P1

R0

E

SB

20.2

1.2. Revenue administration, including customs

Establish a single large-taxpayer office at the Zambia Revenue Authority.

2

12/31/2008

SB

N/A

0

2

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2008-06-04

P1

R0

E

SB

20.5

1.5. Debt Management

Submit to cabinet a debt management strategy.

1

09/30/2008

SB

N/A

0

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2008-06-04

P1

R0

E

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

The Ministry of Finance and National Planning and the Bank of Zambia will establish a formal mechanism for coordination with key line ministries on liquidity management.

1

06/30/2008

SB

N/A

0

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2008-06-04

P1

R0

E

SB

21.1

2.1. Central bank operations and reforms

The Bank of Zambia will restructure the operations of its rediscount window.

1

06/30/2008

SB

N/A

0

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2008-06-04

P1

R0

E

SB

22

3. Civil service and public employment reforms, and wages

Submit to Cabinet a proposal to establish a Treasury Department.

1

06/30/2008

SB

N/A

0

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2008-06-04

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

1

12/31/2008

SB

N/A

0

1

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2008-06-04

P1

R0

E

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Introduce risk based bank supervision.

2

12/31/2008

SB

N/A

0

2

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2008-06-04

P1

R0

E

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Submit to Cabinet a proposal to establish a treasury single account.

1

06/30/2008

PC

N/A

0

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2008-06-04

P1

R0

E

SPC

30.1

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

Submit to Cabinet a policy for the electricity sector with specific startegies to (i) gradually adjust electricity tariffs to the cost of service; (ii) attract private investment and competition in the sector; (iii) increase the operational efficiency of ZESCO; and (iv) ensure that ZESCO has sufficient resources to implement the planned rehabilitation and new generation projects.

1

06/30/2008

PC

N/A

0

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Establish a headquarters functional structure at the Zambia Revenue Authority.

1

09/30/2008

M

N/A

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

20.2

1.2. Revenue administration, including customs

Establish a single large-taxpayer office at the Zambia Revenue Authority.

5

12/31/2008

M

N/A

1

5

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

20.5

1.5. Debt Management

Submit to cabinet a debt management strategy.

1

09/30/2008

M

N/A

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

The Ministry of Finance and National Planning and the Bank of Zambia will establish a formal mechanism for coordination with key line ministries on liquidity management.

1

06/30/2008

M

N/A

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Prepare a comprehensive strategy for phased implementation of the establishment of the treasury single account system.

3

06/30/2009

SB

The measure is designed to strengthen public expenditure management and budget execution.

1

3

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Approval by Cabinet of all necessary amendments to the Public Finance Management Act specifying the general principles of the treasury single account system.

4

09/30/2009

SB

This benchmark will help strengthen public expenditure management and budget execution. In particular, the measure will improve cash flow management and forecasts and thereby contribute to improved fiscal and monetary policy coordination.

1

4

2009-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

Bank of Zambia will introduce a new standing overnight lending facility.

1

09/30/2009

SB

This measure will help to strengthen liquidity management, reduce volatility in the money market, and enhance the effectiveness of monetary policy.

1

2009-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

21.1

2.1. Central bank operations and reforms

The Bank of Zambia will restructure the operations of its rediscount window.

2

06/30/2008

MD

N/A

1

2

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Submit to Cabinet a proposal to establish a Treasury Department.

1

06/30/2008

M

N/A

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

24.1

5.1. Public enterprise pricing and subsidies

Raise the average electricity tariff in 2009 and publicly announce indicative tariffs for 2010-11 consistent with the policy to reach cost-reflective levels by 2011.

1

06/30/2009

SB

This measure is designed to ensure an efficient and sustainable power supply. Solving the current problems in the energy sector is essential to achieving the growth objectives of the program.

1

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Introduce risk based bank supervision.

1

12/31/2008

M

N/A

1

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

12/31/2008

MOD-DATE

Not met. Reset for end-June 2009.

1

2

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

06/30/2009

SB

The benchmark should enhance financial sector deepening, which is vital to achieving the growth objectives of the program.

1

2

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Submit to Cabinet a proposal to establish a treasury single account.

1

06/30/2008

M

N/A

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-05-01

P1

R1R2

BLANK

SPC

30.1

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

Submit to Cabinet a policy for the electricity sector with specific startegies to (i) gradually adjust electricity tariffs to the cost of service; (ii) attract private investment and competition in the sector; (iii) increase the operational efficiency of ZESCO; and (iv) ensure that ZESCO has sufficient resources to implement the planned rehabilitation and new generation projects.

1

06/30/2008

M

N/A

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Establish a headquarters functional structure at the Zambia Revenue Authority.

1

09/30/2008

M

N/A

3

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Establish a single large-taxpayer office at the Zambia Revenue Authority.

5

12/31/2008

M

N/A

3

5

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Prepare a review of tax administration and policy.

6

09/30/2010

SB

Introduced at R3. Macroeconomic rationale: Strenghten revenue performance.

3

6

2010-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

20.5

1.5. Debt Management

Submit to cabinet a debt management strategy.

1

09/30/2008

M

N/A

3

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

The Ministry of Finance and National Planning and the Bank of Zambia will establish a formal mechanism for coordination with key line ministries on liquidity management.

1

06/30/2008

M

N/A

3

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Prepare a comprehensive strategy for phased implementation of the establishment of the treasury single account system.

3

06/30/2009

M

The measure is designed to strengthen public expenditure management and budget execution.

3

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Approval by Cabinet of all necessary amendments to the Public Finance Management Act specifying the general principles of the treasury single account system.

4

09/30/2009

M

This benchmark will help strengthen public expenditure management and budget execution. In particular, the measure will improve cash flow management and forecasts and thereby contribute to improved fiscal and monetary policy coordination.

3

4

2009-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Approval by Cabinet of the pay policy reform.

5

06/30/2010

SB

Introduced at R3. Macroeconomic rationale: strengthen payroll management, and increase productivity of the public sector.

3

5

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Adoption of Treasury Single Account by six ministries, provinces, and spending agencies.

6

12/31/2010

SB

Introduced at R3. Macroeconomic rationale: Strengthen public expenditure management and budget execution. In particular, the measures will improve cash flow management and forecasts and thereby contribute to improved fiscal and monetary policy coordination.

3

6

2010-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

20.8

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

Submit to parliament the Planning and Budgeting Act.

1

06/30/2010

SB

Introduced at R3.

3

1

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

Bank of Zambia will introduce a new standing overnight lending facility.

1

09/30/2009

MD

This measure will help to strengthen liquidity management, reduce volatility in the money market, and enhance the effectiveness of monetary policy. Met on Dec. 1, 2009.

3

1

2009-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

21.1

2.1. Central bank operations and reforms

The Bank of Zambia will restructure the operations of its rediscount window.

2

06/30/2008

MD

N/A

3

2

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Submit to Cabinet a proposal to establish a Treasury Department.

1

06/30/2008

M

N/A

3

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

24

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

Raise the average electricity tariff in 2010 and publicly announce indicative tariffs for 2011 consistent with the policy to reach cost-reflective levels by 2011.

1

06/30/2010

SB

Introduced at R3. Macroeconomic rationale: To ensure an efficient and sustainable power supply. Solving the current problems in the energy sector is essential to achieving the growth objectives of the program.

3

1

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

24.1

5.1. Public enterprise pricing and subsidies

Raise the average electricity tariff in 2009 and publicly announce indicative tariffs for 2010-11 consistent with the policy to reach cost-reflective levels by 2011.

1

06/30/2009

M

This measure is designed to ensure an efficient and sustainable power supply. Solving the current problems in the energy sector is essential to achieving the growth objectives of the program.

3

1

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Introduce risk based bank supervision.

1

12/31/2008

M

N/A

3

1

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

12/31/2008

MOD-DATE

Not met. Reset for end-June 2009.

3

2

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

06/30/2009

MOD-DATE

The benchmark should enhance financial sector deepening, which is vital to achieving the growth objectives of the program. Not met, reset to end-March 2010.

3

2

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

03/31/2010

SB

N/A

3

2

2010-03-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Establish a Lender-of-Last Resort Framework and draft legislation and procedures for a financial sector contingency plan in the event of a crisis.

3

06/30/2010

SB

Introduced at R3. Macroeconomic rationale: Strengthen the Central Bank's crisis preparedness.

3

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Submit to Cabinet a proposal to establish a treasury single account.

1

06/30/2008

M

N/A

3

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2009-12-14

P1

R3

BLANK

SPC

30.1

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

Submit to Cabinet a policy for the electricity sector with specific startegies to (i) gradually adjust electricity tariffs to the cost of service; (ii) attract private investment and competition in the sector; (iii) increase the operational efficiency of ZESCO; and (iv) ensure that ZESCO has sufficient resources to implement the planned rehabilitation and new generation projects.

1

06/30/2008

M

N/A

3

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Establish a headquarters functional structure at the Zambia Revenue Authority.

1

09/30/2008

M

N/A

4

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Establish a single large-taxpayer office at the Zambia Revenue Authority.

5

12/31/2008

M

N/A

4

5

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Prepare a review of tax administration and policy.

6

09/30/2010

SB

Introduced at R3. Macroeconomic rationale: Strenghten revenue performance.

4

6

2010-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.5

1.5. Debt Management

Submit to cabinet a debt management strategy.

1

09/30/2008

M

N/A

4

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

The Ministry of Finance and National Planning and the Bank of Zambia will establish a formal mechanism for coordination with key line ministries on liquidity management.

1

06/30/2008

M

N/A

4

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Prepare a comprehensive strategy for phased implementation of the establishment of the treasury single account system.

3

06/30/2009

M

The measure is designed to strengthen public expenditure management and budget execution.

4

3

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Approval by Cabinet of all necessary amendments to the Public Finance Management Act specifying the general principles of the treasury single account system.

4

09/30/2009

M

This benchmark will help strengthen public expenditure management and budget execution. In particular, the measure will improve cash flow management and forecasts and thereby contribute to improved fiscal and monetary policy coordination.

4

2009-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Approval by Cabinet of the pay policy reform.

5

06/30/2010

M

Introduced at R3. Macroeconomic rationale: strengthen payroll management, and increase productivity of the public sector.

4

5

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Adoption of Treasury Single Account by six ministries, provinces, and spending agencies.

6

12/31/2010

SB

Introduced at R3. Macroeconomic rationale: Strengthen public expenditure management and budget execution. In particular, the measures will improve cash flow management and forecasts and thereby contribute to improved fiscal and monetary policy coordination.

4

6

2010-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.8

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

Submit to parliament the Planning and Budgeting Act.

1

06/30/2010

MOD-DATE

Introduced at R3. At R4, test date reset to end-December 2010.

4

1

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

20.8

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

Submit to parliament the Planning and Budgeting Act.

1

12/31/2010

SB

New test date of end-December 2010 specified at R4.

4

1

2010-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

21.1

2.1. Central bank operations and reforms

Bank of Zambia will introduce a new standing overnight lending facility.

1

09/30/2009

MD

This measure will help to strengthen liquidity management, reduce volatility in the money market, and enhance the effectiveness of monetary policy. Met on Dec. 1, 2009.

4

1

2009-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

21.1

2.1. Central bank operations and reforms

The Bank of Zambia will restructure the operations of its rediscount window.

2

06/30/2008

MD

N/A

4

2

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Submit to Cabinet a proposal to establish a Treasury Department.

1

06/30/2008

M

N/A

4

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

24

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

Raise the average electricity tariff in 2010 and publicly announce indicative tariffs for 2011 consistent with the policy to reach cost-reflective levels by 2011.

1

06/30/2010

SB

Introduced at R3. Macroeconomic rationale: To ensure an efficient and sustainable power supply. Solving the current problems in the energy sector is essential to achieving the growth objectives of the program.

4

1

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

24.1

5.1. Public enterprise pricing and subsidies

Raise the average electricity tariff in 2009 and publicly announce indicative tariffs for 2010-11 consistent with the policy to reach cost-reflective levels by 2011.

1

06/30/2009

M

This measure is designed to ensure an efficient and sustainable power supply. Solving the current problems in the energy sector is essential to achieving the growth objectives of the program.

4

1

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Introduce risk based bank supervision.

1

12/31/2008

M

N/A

4

1

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

12/31/2008

MOD-DATE

Not met. Reset for end-June 2009.

4

2

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

06/30/2009

MOD-DATE

The benchmark should enhance financial sector deepening, which is vital to achieving the growth objectives of the program. Not met, reset to end-March 2010.

4

2

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

03/31/2010

M

N/A

4

2

2010-03-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Establish a Lender-of-Last Resort Framework and draft legislation and procedures for a financial sector contingency plan in the event of a crisis.

3

06/30/2010

SB

Introduced at R3. Macroeconomic rationale: Strengthen the Central Bank's crisis preparedness.

4

3

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Submit to Cabinet a proposal to establish a treasury single account.

1

06/30/2008

M

N/A

4

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-06-25

P1

R4

BLANK

SPC

30.1

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

Submit to Cabinet a policy for the electricity sector with specific startegies to (i) gradually adjust electricity tariffs to the cost of service; (ii) attract private investment and competition in the sector; (iii) increase the operational efficiency of ZESCO; and (iv) ensure that ZESCO has sufficient resources to implement the planned rehabilitation and new generation projects.

1

06/30/2008

M

N/A

4

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.2

1.2. Revenue administration, including customs

Establish a headquarters functional structure at the Zambia Revenue Authority.

1

09/30/2008

M

N/A

5

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.2

1.2. Revenue administration, including customs

Establish a single large-taxpayer office at the Zambia Revenue Authority.

5

12/31/2008

M

N/A

5

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.2

1.2. Revenue administration, including customs

Prepare a review of tax administration and policy.

6

09/30/2010

M

Introduced at R3. Macroeconomic rationale: Strenghten revenue performance.

5

6

2010-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.5

1.5. Debt Management

Submit to cabinet a debt management strategy.

1

09/30/2008

M

N/A

5

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

The Ministry of Finance and National Planning and the Bank of Zambia will establish a formal mechanism for coordination with key line ministries on liquidity management.

1

06/30/2008

M

N/A

5

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Prepare a comprehensive strategy for phased implementation of the establishment of the treasury single account system.

3

06/30/2009

M

The measure is designed to strengthen public expenditure management and budget execution.

5

3

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Approval by Cabinet of all necessary amendments to the Public Finance Management Act specifying the general principles of the treasury single account system.

4

09/30/2009

M

This benchmark will help strengthen public expenditure management and budget execution. In particular, the measure will improve cash flow management and forecasts and thereby contribute to improved fiscal and monetary policy coordination.

5

4

2009-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Approval by Cabinet of the pay policy reform.

5

06/30/2010

M

Introduced at R3. Macroeconomic rationale: strengthen payroll management, and increase productivity of the public sector.

5

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Adoption of Treasury Single Account by six ministries, provinces, and spending agencies.

6

12/31/2010

SB

Introduced at R3. Macroeconomic rationale: Strengthen public expenditure management and budget execution. In particular, the measures will improve cash flow management and forecasts and thereby contribute to improved fiscal and monetary policy coordination.

5

6

2010-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.8

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

Submit to parliament the Planning and Budgeting Act.

1

06/30/2010

MOD-DATE

Introduced at R3. At R4, test date reset to end-December 2010.

5

1

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.8

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

Submit to parliament the Planning and Budgeting Act.

1

12/31/2010

MOD-DATE

New test date of end-December 2010 specified at R4. At R5, test date reset to end-January 2011.

5

1

2010-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

20.8

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

Submit to parliament the Planning and Budgeting Act.

1

01/31/2011

SB

At R5, test date reset.

5

1

2011-01-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

Bank of Zambia will introduce a new standing overnight lending facility.

1

09/30/2009

MD

This measure will help to strengthen liquidity management, reduce volatility in the money market, and enhance the effectiveness of monetary policy. Met on Dec. 1, 2009.

5

1

2009-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

21.1

2.1. Central bank operations and reforms

The Bank of Zambia will restructure the operations of its rediscount window.

2

06/30/2008

MD

N/A

5

2

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

22

3. Civil service and public employment reforms, and wages

Submit to Cabinet a proposal to establish a Treasury Department.

1

06/30/2008

M

N/A

5

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

24

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

Raise the average electricity tariff in 2010 and publicly announce indicative tariffs for 2011 consistent with the policy to reach cost-reflective levels by 2011.

1

06/30/2010

MD

Introduced at R3. Macroeconomic rationale: To ensure an efficient and sustainable power supply. Solving the current problems in the energy sector is essential to achieving the growth objectives of the program. Met on July 26, 2010.

5

1

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

24.1

5.1. Public enterprise pricing and subsidies

Raise the average electricity tariff in 2009 and publicly announce indicative tariffs for 2010-11 consistent with the policy to reach cost-reflective levels by 2011.

1

06/30/2009

M

This measure is designed to ensure an efficient and sustainable power supply. Solving the current problems in the energy sector is essential to achieving the growth objectives of the program.

5

1

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

24.3

5.3. Price controls and marketing restrictions

Submit to Cabinet a report on maize pricing policy.

1

03/31/2011

SB

Introduced at R5. Macro rationale: Preserve macroeconomic stability and minimize disruptions to private sector trading of maize.

5

1

2011-03-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Introduce risk based bank supervision.

1

12/31/2008

M

N/A

5

1

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

12/31/2008

MOD-DATE

Not met. Reset for end-June 2009.

5

2

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

06/30/2009

MOD-DATE

The benchmark should enhance financial sector deepening, which is vital to achieving the growth objectives of the program. Not met, reset to end-March 2010.

5

2

2009-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Set up a supervisory regime for the secondary market in government securities.

2

03/31/2010

M

N/A

5

2

2010-03-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Establish a Lender-of-Last Resort Framework and draft legislation and procedures for a financial sector contingency plan in the event of a crisis.

3

06/30/2010

PM

Introduced at R3. Macroeconomic rationale: Strengthen the Central Bank's crisis preparedness.

5

3

2010-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Submit to Cabinet a proposal to establish a treasury single account.

1

06/30/2008

M

N/A

5

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

N/A

2010-12-10

P1

R5

BLANK

SPC

30.1

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

Submit to Cabinet a policy for the electricity sector with specific startegies to (i) gradually adjust electricity tariffs to the cost of service; (ii) attract private investment and competition in the sector; (iii) increase the operational efficiency of ZESCO; and (iv) ensure that ZESCO has sufficient resources to implement the planned rehabilitation and new generation projects.

1

06/30/2008

M

N/A

5

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Establish a headquarters functional structure at the Zambia Revenue Authority.

1

09/30/2008

M

N/A

6

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Establish a single large-taxpayer office at the Zambia Revenue Authority.

5

12/31/2008

M

N/A

6

5

2008-12-31

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.2

1.2. Revenue administration, including customs

Prepare a review of tax administration and policy.

6

09/30/2010

M

Introduced at R3. Macroeconomic rationale: Strenghten revenue performance.

6

2010-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.5

1.5. Debt Management

Submit to cabinet a debt management strategy.

1

09/30/2008

M

N/A

6

1

2008-09-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

The Ministry of Finance and National Planning and the Bank of Zambia will establish a formal mechanism for coordination with key line ministries on liquidity management.

1

06/30/2008

M

N/A

6

1

2008-06-30

N/A

594

ZAMBIA

754

PRGF

2008-06-04

2,008

2011-06-03

2,011

2011-06-30

N/A

2011-06-20

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Prepare a comprehensive strategy for phased implementation of the establishment of the treasury single account system.

3

06/30/2009

M

The measure is designed to strengthen public expenditure management and budget execution.

6

3

2009-06-30

N/A