NEPAD/HSGIC-03-2003/APRM/Guideline/OSCI 9 March 2003 3.3.2 Indicative Criteria a. Has the country assessed its compliance with the relevant standards listed above and taken steps to address shortfalls and capacity gaps? b. Are the Public Administration, the Central Bank, and the Regulatory Authorities effective and operating in a transparent manner? c. Does the country have a Medium-Term-Expenditure-Framework or other medium term planning instruments or any predictable planning framework? d. Are public sector expenditures consistent with Medium-Term-ExpenditureFramework or other medium term planning instruments? e. Does the government account and report publicly all revenues received and receivable? f. Does the country have the necessary financial, technical capacities and regulatory framework for implementing sound public finance management? g. What is the overall assessment of the adherence to best practice in these institutions? 3.3.3 Examples of Indicators a. Autonomy and effectiveness of the national auditing body b. Credible and Reliable Budget Process c. Preparation and publication of interim financial reports d. Demonstrable autonomy of the Central Bank e. Enactment and enforcement of effective competition regulation f. Medium-term-expenditure-framework or other domestic medium-termplanning instruments or any other predictable planning framework g. Results of overall assessment of adherence to above mentioned standards and codes and steps taken to address shortfalls and capacity gaps. 3.4 Objective 4: Fight corruption and money laundering Page 18 of 31