World Bank Document

CPF Objective Indicators 

Supplementary Progress 

Indicators 

WBG Program 

Indicator 1: Establishment of 

improved corporate governance 

system at large SOEs 

 

Baseline: No SOE with relevant 

corporate governance  system in 

place (2015) 

Target: Five large SOEs have the 

corporate governance system 

established and audited IFRS 

(2020). 

 

Indicator 2: Number of SOEs 

divested by the Government  

 

Baseline: None 

Target: 2 

 

Milestone: Curriculum and 

training materials are prepared 

and are used for training delivery. 

 

 

 

 

 

 

Ongoing ASA: Implementation of the 

Roadmap 

 

Proposed ASA: SOE Corporate 

Governance TA, Public Expenditure 

and Financial Accountability (PEFA) 

assessment, 

Accounting and Auditing ROSC (AA 

ROSC) 

 

Potential IFC AS: Transaction 

Advisory for Privatization of Two 

Fertilizer Plants. 

CPF Objective 1.5: Broadened policy dialogue on economic governance. 

Intervention Logic: The lack of data and limited access to existing data impede the assessment of economic 

performance and social outcomes, hinder the preparation of economic projections, and undermine the credibility, 

relevance, and timeliness of WBG policy advice and interventions. WBG will continue to work with the authorities 

on strengthening statistical institutions and information disclosure through the proposed ASA on “Welfare 

Measurement of MICs” which is intended to provide such a platform for dialogue.