Result Based Management Framework - METAC

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12 DAB has an updated regulatory framework that establishes relevant limits and adequate standards for the conduct of banking operations in line with best practices and Basel principles for effective banking supervision. The FSD staff have a good understanding of banking regulations, and possesses the required skills to perform their functions effectively and efficiently according to the new supervisory framework. DAB has adequate supervisory and regulatory frameworks for the supervision of Islamic banking activities in Afghanistan. Outputs The main outputs of the TA to enhance the banking supervision framework at DAB are as follows: Preparing a new risk-focused onsite inspection manual, and training onsite supervisors on implementing the new manual. Further enhancing the enforcement framework for dealing with weak and problematic banks. Preparing a manual for offsite supervision with a complete set of prudential reports to monitor the financial performance of banks and the banking system and train the supervisors on applying the new manual. The main outputs that will be produced in the course of updating the regulatory framework applied by DAB would be as follows: Revising the capital adequacy regulation. Reviewing the regulations on internal audit, internal control system, compliance, and external audit function. Developing regulations on risk management (credit, operational, liquidity, and market) and updating the regulation on credit concentration limits. One of the main TA outputs would be to deliver workshops and seminars for the staff of FSD to build their capacity and enhance their knowledge in: risk focused supervision in both onsite and offsite functions, dealing with weak and problem banks, risk management, and Islamic banking. The TA on Islamic banking would provide the DAB with the following: Prudential regulations for operating and supervising Islamic banking products.
13 Call reports covering the financial statements of Islamic banks and/or units offering Islamic banking services and main Islamic banking products. Preparing manuals for onsite and offsite supervision of Islamic banking activities. Risks/Assumptions The political and security situation in Afghanistan permits the delivery and implementation of TA in a timely manner. The DAB provides all the necessary support to the FSD in order to allow it to perform its functions effectively by ensuring that the FSD has an adequate number of staff with good qualifications, and that the FSD is granted sufficient powers and relevant legal protection that enable it to perform its duties with independence and integrity. The DAB staff makes good use of the knowledge acquired during the capacity building sessions and applies it effectively and objectively in the course of supervising banks. The DAB senior management shows continued commitment to implement the new manuals, enhancements, and policy recommendations supplied by METAC. B. Macroeconomic Statistics Past Activities Since its inception, METAC has provided TA in statistics to Afghanistan essentially in complement to significant TA directly provided by the IMF Statistics Department (STA). METAC assistance was provided in the areas of price statistics and of balance of payments (BOP) statistics. The beneficiary institutions were the Central Statistical Organization (CSO) and DAB. Regarding price statistics, in the 2010 IMF staff report it was noted that the CSO compiles and publishes monthly consumer price indices (CPI) for the capital city, Kabul, and five other major cities and that, despite some shortcomings this is a remarkable achievement given insecurity and the scarce resources devoted to the CPI unit. Since then, with METAC assistance, the CSO has undertaken and achieved a major overhaul of the CPI, namely (i) implementation of full, five-digit Classification of Individual Consumption by Purpose (COICOP); (ii) update of consumer basket weights using data from a recent household survey; and (iii) expansion of coverage from six to ten cities/provinces. BOP statistics are compiled according to the fifth edition of the Balance of Payments Manual. The compilation of external statistics has improved significantly in terms of coverage and soundness of methodology. BOP data were published by the IMF, for the
Page 1 and 2: G L BAL PARTNERSHIPS Shared Objecti
Page 3 and 4: 1 Contents Acronyms and Abbreviatio
Page 5 and 6: 3 Past Activities .................
Page 7 and 8: 5 ACRONYMS AND ABBREVIATIONS ACD AR
Page 9 and 10: 7 MoPF MTEF MTFF MTO NA NBFIs NICO
Page 11 and 12: 9 METAC’s overall strategic objec
Page 13: 11 I. AFGHANISTAN A. Banking Superv
Page 17 and 18: 15 Mission reports. Plans for de
Page 19 and 20: 17 D. Revenue Administration Past A
Page 21 and 22: 19 Risks/Assumptions Sufficient fin
Page 23 and 24: 21 Outputs Helping the CBE in dr
Page 25 and 26: 23 Regional workshops on external
Page 27 and 28: 25 Revision of the budget calendar
Page 29 and 30: 27 Work Program Objectives TA on re
Page 31 and 32: 29 III. IRAQ A. Banking Supervision
Page 33 and 34: 31 B. Macroeconomics Statistics Pas
Page 35 and 36: 33 Assistance in preparing a cas
Page 37 and 38: 35 The CBJ has a good macro-pruden
Page 39 and 40: 37 procedures for the NA. To also b
Page 41 and 42: 39 In May 2013, a METAC/FAD mission
Page 43 and 44: 41 the commitment to carry on imple
Page 45 and 46: 43 V. LEBANON A. Banking Supervisio
Page 47 and 48: 45 Significant TA was provided to L
Page 49 and 50: 47 Regional workshops on external
Page 51 and 52: 49 Risks/Assumptions Political stab
Page 53 and 54: 51 enforcement strategies; (4) the
Page 55 and 56: 53 VI. LIBYA A. Banking Supervision
Page 57 and 58: 55 Assisting the CBL in develop
Page 59 and 60: 57 DI survey form. Regional works
Page 61 and 62: 59 Outputs The main outputs of the
Page 63 and 64: 61 TA has been suspended because of
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63 The supervisors at the CBOS a
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65 closely with the Ministry of Int
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67 be submitting consolidated budge
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69 administration fronts. These inc
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71 VIII. SYRIA A. Banking Supervisi
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73 Develop tools and procedures f
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75 The main outcomes of TA on price
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77 Budget Preparation: Establish
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79 The General Commission f
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81 VAT law. TPC law. Revised
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83 In order to align its supervisor
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85 Improvements in the compilation
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87 forecasting that underpins the c
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89 function-based HQ, implementing
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91 The CBY has an updated regula
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93 External statistics: improving
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95 recommendations of the 2007 FAD/
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97 Work Program Objectives High pri
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99 APPENDIX I. DEBT MANAGEMENT AND
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101 OMO; and developing an interban
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103 forecasting, and the issuance o
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105 1. Banking Supervision Outcomes
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107 3. Public Financial Management
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109
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Result Based Management Framework - METAC

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