Submit to Cabinet the draft Credit Unions Act.
At R4, A policy paper on recommendations for reform was endorsed by Cabinet in February 2014. Consultations were completed in July 2014. Discussion of outstanding recommendations, and the consultation report have been finalized. ADB has finalized the Policy Framework for review and circulated for comments from the Review Committee. Reset from December 31, 2014. At R5R6, not met. The draft Credit Union bill has been prepared with the support of TA from ADB and is ready. In February 2016, Cabinet has approved a policy paper on the draft bill. After the bill is vetted by the Attorney-General, it is expected to be resubmitted to
Cabinet for approval in the second quarter of 2016.