Ministerial approval of the the reform program to evolve registration guidelines and over time. prescribed application form to register Insolvency In the cases of the MCIB and Practitioners in Mauritius. Insolvency Service, the Publication of the reforms went further than amendment to Insolvency anticipated in the DPL. The Act 2009 to include the Rules counterparts benefitted from relating to the Performance the elaboration of a realistic and Conduct of Insolvency Results Framework with clear Practitioners in the national baseline data and tangible gazette. quantitative targets that helped Publication of Regulations the proper monitoring of related to the registration and progress towards performance. removal of insolvency practitioners in the national The supervision of the project gazette. with frequent missions and Publication of the field based staff was also Workout Guidelines to pivotal to timely resolution of promote safeguarding viable issues encountered. businesses on the insolvency website upon endorsement from BoM The one stop shop is still under design phase. The recovery rate of creditors has increased from 33.6 cents on the dollar in 2010 to 67.4 cents in 2015. (source Doing Business reports) (12) Increase flexibility of Amendments in the Introduction of a flexi Lending: hiring and firing Labour Laws security scheme as reflected DPL series (1,2,3,4), in the workforce program Private Sector (Achieved) (Achieved) provisions contained in Competitiveness DPL section IX of the (1,2), Infrastructure Employment Rights Act 2008 Project were introduced. The scheme
Ministerial approval of the registration guidelines and prescribed application form to register Insolvency Practitioners in Mauritius. Publication of the amendment to Insolvency Act 2009 to include the Rules relating to the Performance and Conduct of Insolvency Practitioners in the national gazette. Publication of Regulations related to the registration and removal of insolvency practitioners in the national gazette. Publication of the Workout Guidelines to promote safeguarding viable businesses on the insolvency website upon endorsement from BoM The one stop shop is still under design phase. The recovery rate of creditors has increased from 33.6 cents on the dollar in 2010 to 67.4 cents in 2015. (source Doing Business reports) the reform program to evolve over time. In the cases of the MCIB and Insolvency Service, the reforms went further than anticipated in the DPL. The counterparts benefitted from the elaboration of a realistic Results Framework with clear baseline data and tangible quantitative targets that helped the proper monitoring of progress towards performance. The supervision of the project with frequent missions and field based staff was also pivotal to timely resolution of issues encountered. (12) Increase flexibility of hiring and firing (Achieved) Amendments in the Labour Laws (Achieved) Introduction of a flexi security scheme as reflected in the workforce program provisions contained in section IX of the Employment Rights Act 2008 were introduced. The scheme Lending: DPL series (1,2,3,4), Private Sector Competitiveness DPL (1,2), Infrastructure Project