Reform: Insolvency Reform (2023-09-20)

The third assessment of the Insolvency Reform was conducted on September 20, 2023. 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. 

According to the Government

According to the survey of reform implementing agencies, at this stage, 83.9% of the activities planned under the reform have been completed. The highest level of performance was observed in activities planned under the institutional setup and legislative & regulatory framework dimensions.

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)