Develop updated corporate governance frameworks for the two state-owned banks, with a focus on (a) Board and Senior management oversight; (b) operational management; (c) risk management; (d) compliance with regulations; (e) internal audit; (f) external audit.
The World Bank is currently undertaking an assessment of their corporate governance frameworks, which will allow refinement of the program objectives in this area going forward. Given that the WB report will only be ready by June 2022, more time will likely be needed (beyond the end-September due date) for the various elements of updated corporate governance frameworks to be in place.