Revise the 1988 law and decree on government guarantees, to strengthen the authorities' legal framework for issuing government guarantees by requiring that the recipient pays a fee for any guarantee. Clarify that all domestic and external guarantees need to be signed by the Minister of Finance and recorded in the debt statistics.
R3 macroeconomic rationale:  Limit contingent liabilities for the budget and provide better incentives for public or private enterprises.