Obtain Cabinet endorsement of the drafting instructions to revise the National Provident Fund (NPF) Act incorporating the reform plan.
At R2, modifies/replaces a previous structural benchmark "Submit to Parliament a revised National Provident Fund (NPF) Act incorporating the reform plan endorsed by the Cabinet". Macroeconomic rationale: To improve the long-term financial viability of the NPF and reduce fiscal risks. At R3, in progress, but delayed due to capacity constraints. Technical assistance from donors is being sought and new completion date is set (Delayed).