Customs will prepare first monthly report verifying that the memorandum of understanding between the Ministry of Finance and the Ministry of Commerce and Industry has been implemented and its effect on revenue, including a detailed assessment of the volume and value of all categories of fuel imported and amount of taxes and customs duties levied and collected. The report will also document the access received by customs and any areas that need improvement.
At P1R5, in the Memorandum of Economic and Financial Policies (MEFP) of March 4, 2009, Fund staff and the authorities reached an agreement to make this measure as a prior action for the completion of the Fifth Review.