Download Report - Independent Evaluation Group - World Bank
Download Report - Independent Evaluation Group - World Bank Download Report - Independent Evaluation Group - World Bank
41 Annex CAnnex C: Measures Supported By SAC II (Credit No. 3218)MEASURES TAKEN PRIOR TO BOARD PRESENTATION• BTM: Signing a sales protocole for BTM.• Public Finance: Complete changes in budget nomenclature to match Budget Law andTreasury accounting.• Arbitration: Adoption of an Arbitration Law by the National Assembly.• Telecommunications: Publication of inter-connection decree between fixed andcellular operators.• Mining: Mining Code, agreeable to IDA, approved by the Council of Ministers andsubmitted to the National Assembly. Re-definition by law of the role of OMNIS, inpractice precluding the State from participating in commercialization and/orproduction of mining products and limiting its role to promotional activities.• Fisheries: Increase license fees by 100 percent (on average) in 1999 relative to 1998,and prepare report on actual and potential payments per firm. Commit to theintroduction of a transparent, non-discretionary, and competitive mechanism for theallocation of fishing licenses before the fishing campaign of the year 2000 (e.g.,bidding mechanism that takes into consideration Madagascar's own features, andfollowing terms of reference already agreed with IDA). Limit the number of licensesin the west coast to a total of 69 industrial and 36 artisanal, and to 6 industrial licensesin the east cost (freeze to remain until completion of sustainability study), andrespecting the 1998 distribution of authorizations per zone and boat for each firm.MEASURES FOR CREDIT EFFECTIVENESS (1 ST TRANCHE)• The Borrower has: (a) a macroeconomic framework consistent with the objectives ofthe Program, this includes securing the international financial support necessary forthe sustainability of this framework; (b) adopted an action plan (including animplementation schedule) describing the methodology to be followed to computeseverance payments; (c) furnished evidence that: (i) with respect to the privatizationof SOLIMA's oil operations, each of the joint-venture companies referred to underparagraph 17 of the LDP has been established (in particular with respect to therelevant share of the capital stock to be held by the Borrower), and duly registered;and (ii) with respect to SOLIMA's non-oil operations, the Borrower has concludedcontractual arrangements aimed at transferring the ownership/use of the saidoperations to private sector entities; and (d) the Borrower has established a legal andregulatory framework and a regulatory authority for the petroleum sector withfunctions, membership, budgetary resources and adequate staffing, all satisfactory tothe Association and in accordance with paragraph 19 of the LDP.
42 Annex CGENERAL CONDITIONS AND DESIGN OF 2 ND AND 3 RD“MENU- BASED" TRANCHES• The Borrower has achieved satisfactory progress in the carrying out of the Program,including: (i) BTM privatization process has been settled prior to the release of thesecond tranche through the completion of the existing sales protocol or, if the dealunravels, already agreed steps for full State disengagement from BTM are put inplace; (ii) social programs have been implemented as agreed with IDA; and (iii) amacroeconomic framework consistent with the Program has been maintained. Inaddition, each of the "menu-based" tranches requires a CORE MEASURE (one salescontract, and fully operational regulatory framework and body), and ADDITIONALMEASURES (fully complied a total of 4 out of the 8 reform areas listed below).MEASURES FOR 2 ND AND 3 RD “MENU-BASED" TRANCHESCORE MEASURESAir Transport: The Borrower shall have: (a) sold at least 65 percent of Air Madagascar'svoting stock; (b) established an adequate legal and regulatory framework and a regulatoryauthority with functions, membership, budgetary resources, and adequate staffing (all inaccordance to paragraph 19 of the LDP); and (c) invited airport operators to bid for theconcessioning of at least two main lots of airport infrastructure.ORTelecommunications: The Borrower shall have: (a) sold at least 34% of TELMA's votingstock; and (b) established an adequate legal and regulatory framework and a regulatoryauthority with functions, membership, budgetary resources, and adequate staffing (all inaccordance to paragraph 19 of the LDP).ADDITIONAL MEASURESPrivate Sector Development1. Mining Sector. The Borrower shall have enacted a revised Mining Code, includingimplementation decrees; and adopted an action plan aimed at expediting theprocessing of mining permit applications.2. Land Tenure. The Borrower shall have taken all the measures referred to in paragraph12 of the LDP to facilitate access to land; and invited investors to submit bids for fivetourism and five industrial zones.3. Business Environment and Judicial Processes. The Borrower shall have: (a) on thebasis of the results and recommendations of its ongoing study (Etude sur les lenteursde la procédure judiciaire), adopted an action plan to improve caseload managementwithin the judicial system; and achieved substantive progress in the execution of thesaid action plan; and (b) on the basis of a consultative process involving all interestedparties, adopted an action plan for the purposes of streamlining formalities andprocedures required to carry out economic activities, and achieved substantiveprogress in the execution of the said action plan.
- Page 7: vSustainability....................
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- Page 19 and 20: 2growth for the first time in decad
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- Page 33 and 34: 16OBJECTIVES AND DESIGN5.2 The obje
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- Page 57: 40 Annex Bbeneficiary of Malagasy a
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- Page 63 and 64: 46 Annex DMr. Charles Andrianaivoja
- Page 65: 48 Annex EComments from the Governm
41 Annex CAnnex C: Measures Supported By SAC II (Credit No. 3218)MEASURES TAKEN PRIOR TO BOARD PRESENTATION• BTM: Signing a sales protocole for BTM.• Public Finance: Complete changes in budget nomenclature to match Budget Law andTreasury accounting.• Arbitration: Adoption of an Arbitration Law by the National Assembly.• Telecommunications: Publication of inter-connection decree between fixed andcellular operators.• Mining: Mining Code, agreeable to IDA, approved by the Council of Ministers andsubmitted to the National Assembly. Re-definition by law of the role of OMNIS, inpractice precluding the State from participating in commercialization and/orproduction of mining products and limiting its role to promotional activities.• Fisheries: Increase license fees by 100 percent (on average) in 1999 relative to 1998,and prepare report on actual and potential payments per firm. Commit to theintroduction of a transparent, non-discretionary, and competitive mechanism for theallocation of fishing licenses before the fishing campaign of the year 2000 (e.g.,bidding mechanism that takes into consideration Madagascar's own features, andfollowing terms of reference already agreed with IDA). Limit the number of licensesin the west coast to a total of 69 industrial and 36 artisanal, and to 6 industrial licensesin the east cost (freeze to remain until completion of sustainability study), andrespecting the 1998 distribution of authorizations per zone and boat for each firm.MEASURES FOR CREDIT EFFECTIVENESS (1 ST TRANCHE)• The Borrower has: (a) a macroeconomic framework consistent with the objectives ofthe Program, this includes securing the international financial support necessary forthe sustainability of this framework; (b) adopted an action plan (including animplementation schedule) describing the methodology to be followed to computeseverance payments; (c) furnished evidence that: (i) with respect to the privatizationof SOLIMA's oil operations, each of the joint-venture companies referred to underparagraph 17 of the LDP has been established (in particular with respect to therelevant share of the capital stock to be held by the Borrower), and duly registered;and (ii) with respect to SOLIMA's non-oil operations, the Borrower has concludedcontractual arrangements aimed at transferring the ownership/use of the saidoperations to private sector entities; and (d) the Borrower has established a legal andregulatory framework and a regulatory authority for the petroleum sector withfunctions, membership, budgetary resources and adequate staffing, all satisfactory tothe Association and in accordance with paragraph 19 of the LDP.
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