Tracking Progress - One Reform at a Time

ReformVerdict: Stage 2 - Phase 2

ReformVerdict History

Reform Government Stakeholder Summary
Insolvency Reform

0.0 The value has not changed since last quarter

8.18 The value has gone up since last quarter

The second assessment of the Insolvency Reform was conducted on December 20, 2022. Public-private dialogue attendees shared their perspectives on the significance of the Insolvency Reform and suggested possible improvements to the current state of its implementation.

Government Survey Methodology

Governmental surveys evaluate progress in reform implementation across four domains:

  • the legal framework;
  • infrastructure and budget;
  • institutional setup;
  • and capacity development.

This survey measures the government’s distance from the stated reform objectives on a scale of 0% (no action has taken place) to 100% (all the desired systems have been fully implemented, monitored, and evaluated)

Stakeholder Survey Methodology

Stakeholder surveys assess reform progress across four dimensions:

  • reform content and adequacy;
  • current performance;
  • reform progress;
  • and the expected outcomes.

Members of the stakeholder group (excluding implementing governmental stakeholders) set scores on a scale of 1 (poor performance) to 10 (strong performance) for each dimension.