The Supervisory Committees define the Privatization objectives of the applicable sector according to the Rules, proposed objectives for each sector must be approved by the pertinent Supervisory Committee, which will submit them in turn to CEDA for final approval.
Once a sector has established its approved objectives, these shall serve as a guide for identification of Privatization candidate projects. Supervisory Committees should ensure that proposed Privatization projects align with these objectives, and will contribute to their attainment. This alignment should be a direct and measurable relationship, which can be expressed in units relatable to one or more sectoral objectives. Where this is not possible, the Supervisory Committee should clearly identify how the project will make meaningful indirect contributions to the sectoral objectives.
The Supervisory Committees shall withhold approval for projects which do not demonstrably align with sectoral objectives.