International Bank for Reconstruction and Development Program Document for a Proposed Second Programmatic Financial Sector Adjustment Loan in the Amount of US$ 100 Million to the Republic of Colombia PDF Download
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Author:
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Category : Banks and banking
Languages : en
Pages : 78
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Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 78
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Author:
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ISBN:
Category : Banks and banking
Languages : en
Pages : 69
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The government's fiscal and institutional reform agenda is supported by the Bank through the series of four single-tranche Fiscal and Institutional Adjustment Loans (FIAL). The objectives of this series of loans are two: first, to promote reforms addressing fiscal rigidities necessary to attain the substantial fiscal adjustment underlying sustainable macroeconomic stability; and second, to improve the provision of public services and establish the institutional basis for higher efficiency and accountability in public expenditure. The specific objectives of the FIAL program are to: (i) increase tax revenue and reduce distortions in the tax system; (ii) modernize the tax administration; (iii) promote the development of a sound fiscal responsibility legal framework; (iv) reduce losses and generate revenues through improved asset management; (v) prevent massive losses to the State from judicial claims; (vi) improve budget management with modem tools and legal reforms; (vii) develop incentives for efficiency gains in subnational entities; (viii) strengthen the public sector procurement system; (ix) improve performance through management contracts for agencies; and (x) support a coherent and comprehensive reform implementation process. This Second Programmatic Fiscal and Institutional Structural Adjustment Loan Project focuses on the following elements: (i) issuance of all legislation to regulate the application of the tax reform law; (ii) further improvements in tax administration,
Author:
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Category : Banks and banking
Languages : en
Pages : 97
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The objective of the loan is to complete the clean up of the banking system as a result of the 1999-2001 crisis, and to strengthen the government's capacity to manage and mitigate weaknesses in the financial system. A key aspect of the proposed program is the design of a multi pronged effort to first dispose of the financial system's residual loan assets by developing more agile and modern financial instruments and fiduciary arrangements to package, and sell loan assets. The project also aims to strengthen and diversify the participation of the housing mortgage market including improved access to finance for the micro sector, as well as strengthening non bank financial services, and securities institutions in the financial system. The securitization industry will be further developed to support bank asset sales, to provide more liquidity to the mortgage industry, and to help develop the capital markets. A reform of the entire securities legislation will be conducted as part of the program's second phase, to promote a more agile development of the local capital market. This will involve reforming corporate governance and disclosure standards as well as proper criteria for securities industry participants.
Author: World Bank. Latin America and the Caribbean Regional Office. Brazil Country Management Unit. Finance, Private Sector and Infrastructure
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Category : Banks and banking
Languages : en
Pages :
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Author:
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Category : Fiscal policy
Languages : en
Pages : 130
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Author: David E. Yuravlivker
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Category :
Languages : en
Pages : 49
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Author: Eva Gutierrez
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Category :
Languages : en
Pages : 87
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Author:
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ISBN:
Category : Banks and banking
Languages : en
Pages : 97
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Category : Housing
Languages : en
Pages : 53
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The Project, represents the first of a series of quick disbursing loans to support the Government of Mexico's low-income housing and urban program. To this end, the project goals focus on seven key areas: a) develop a sound national policy and institutional framework for housing, and urban development; b)design and establish a unified housing subsidy policy that facilitates access of low/moderate-income families, to housing, and leverages household savings, and private credit finance; c) strengthen the housing credit, and savings systems; d) strengthen urban real property registries, and rights; d) increase the supply of urban land and its access by the poor, and improve real estate market functions; e) coordinate and support physical and social investments, to systematically upgrade poor neighborhoods; and, f) improved prevention and management of the impacts of natural disasters. Risks however, include a relatively ambitious cross-sectoral approach, risking the timing approval of the second and third loans in the program. However, this risk should be mitigated through the well-designed, integrated strategy, and a small number of key prior actions, including the intended reform policy.
Author:
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Category : Human services
Languages : en
Pages : 102
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