Submit to Parliament a revised Law that: strengthens the functional autonomy of BOG; sets a zero limit on monetary financing to the government and public institutions; establishes appointment durations for Governor and Board members; sets rules for emergency lending to banks in distress; and ensures compliance with IFRS (as described in MEFP ¶85).
Introduced at R0. Economic rationale: strengthen autonomy of the bank; set mechanisms for emergency lending.
At R3, not met; partially implemented with delay (the amendment was submitted to
Parliament in July 2016 and was passed and assented to in August 2016).