Download Report - Independent Evaluation Group - World Bank

22ownership of its non-oil operations; and (iii) establishment of a legal and regulatoryframework, including the regulatory body, for the petroleum sector.• Third and fourth, each of the second and third “menu-based” tranches wouldcomprise a core measure and additional measures in PSD and/or in public financereform. Each core measure would involve the sale of either TELMA or AirMadagascar (including the establishment of a fully operational regulatory frameworkand body). The additional measures were to be selected from a total of four PSDareas and four public finance areas: 23PSD areas:• Measure 1: Mining: enactment of a revised Mining Code, including implementationdecrees; and action plan to expedite the processing of mining permit applications;• Measure 2: Land tenure: facilitation of access to land; and invitation to investors tosubmit bids for five tourism and five industrial zones;• Measure 3: Business environment and judicial processes: (a) action plan to improvecaseload management and substantive progress in the same; and (b) action plan forthe purpose of streamlining formalities/procedures required to carry out economicactivities, and substantive progress in the same; and• Measure 4: Sector liberalization and additional sector reforms: (a) granting at leasttwo airport concessions to qualified and experienced private operators; (b) invitationto telecom operators to bid for a national license; and (c) enactment of a law andissuance of decrees governing the fiscal regime of large mining projects.Public finance areas:• Measure 5: Revenue policies and monitoring: establishment of a unit within theMinistry of Budget to monitor public revenues and to review medium and long-termtax policy and tax administration reforms;• Measure 6: Expenditure monitoring in social sectors: (a) establishment of amonitoring system to capture the implementation of social policies and expendituresactually incurred for primary education and basic health; and (b) carrying out of asurvey to assess performance in the delivery of primary education and basic healthservices;• Measure 7: Fishing licenses: (a) establishment of a system to allocate shrimp fishinglicenses in a non-discretionary, competitive and transparent manner; (b) annualadjustment of shrimp fishing fees in accordance with the new allocation system; and(c) carrying out the recommendations of the audits of the Fonds de DéveloppementHalieutique et Aquicole (FDHA); and• Measure 8: Financial sector reforms: (a) carrying out the financial, organizationaland actuarial audits for two insurance companies and three social security funds; and(b) adoption of action plans to improve their performance.23 The exact language of the additional measures is in Annex C.