All the actions that have been agreed to must be implemented
without any undue delay. A heightened sense of urgency should prevail. Taking decisive
action and implementing the decisions decisively and with the minimum amount of delay
must be on integral part of the National Economic Recovery Plan. Delays in implementation
will lead to delays in the recovery. This must be avoided at all costs. In implementing
the decisions some unanticipated problems may surface. These problems must be overcome
with the minimum amount of delay too. The problems must not be allowed to accumulate
and fester.
As implementation of the actions will require co-ordination,
the effective and continuous co-operation between agencies will be a necessity. The
implementation of the Recovery Plan, therefore, will need the full co-operation and
commitment from central agencies, Ministries and the State Government.
The pace of the progress made in economic recovery will be
determined by the speed with which the measures have been implemented. An assessment
must be made of the progress that has been achieved in implementing the decisions.
There must also be feedback from the agencies responsible for the implementation
of the measures. In monitoring and assessing progress there should be a combination
of a rolling or continuous and a phased approach. The rolling approach involves a
continuous approach i.e. an assessment made without a break. The phased approach
would require a regular, systematic assessment at a particular point in time or calendar
year.
Agencies must be given clear deadlines for the implementation
of decisions and in submitting their progress reports. These deadlines must be adhered
to.
At each meeting of the Executive Council of the National Economic
Action Council the progress in implementing the decisions should be made part of
the Council's agenda. An assessment of the progress in implementing the decisions
taken under the Plan should be made in September 1998 before the finalisation of
Budget, 1999. In 1999 the assessment should be done on a quarterly basis.
NEAC
Economic Planning Unit
Prime Ministerís Department
21 July, 1998
