In this regard, the authorities have begun the reform of the social protection system in order to provide social safety net for workers who are vulnerable to retrenchments that will follow the privatization of state-owned enterprises. In the area of banking, much progress has been made in strengthening bank regulation and supervision. Preparations to close the payments bureaus and transfer their clearing functions to commercial banks are well advanced. However, progress in privatizing or liquidating state-owned banks has been patchy. The authorities also continue to advance in implementing their trade reform program.
Intrayear data refer to flows cumulative in the year unless otherwise noted.
A member's quota in the IMF determines, in particular, the amount of its subscription, its voting weight, its access to IMF financing, and its allocation of SDRs.