Financial and Legal Sector Technical Assistance Project

closed

The overall development objective of the Financial and Legal Sector Technical Assistance Project, is to create a sound financial system, and a strengthened legal framework and judicial capacity that will ensure broad access to financial, and related legal services. This objective will be achieved through provision of technical expertise, and building capacity to implement the financial sector reform program, which further includes supporting implementation of relevant key results areas of the Reform Strategy. The project components include: 1) support the formulation of a financial sector strategy, involving broad consultations among stakeholders, as well as the development of a Strategy for the Judiciary, which will include the introduction of performance and service standards, a comprehensive training program, and the introduction of a credible system for the selection, appointment, and removal/discipline of judges and other judicial staff; 2) restructuring and privatization of financial institutions, supporting the establishment of a regulatory body to guide the privatization process; 3) strengthening financial sector regulators, and the Deposit Protection Fund Board, will entail the revision, preparation, and drafting of financial sector laws and regulations, including support for capacity building and training; and, Components 4, 5, 6, and 7 will strengthen debt management and debt markets, modernize the national payments system, improve the lending environment, and, support legal and judicial reforms, respectively.