[{"bbox": [97, 152, 954, 180], "category": "Text", "text": "As it can be seen in the table above, the RAP PFM is focused on 4 main goals, among others:"}, {"bbox": [122, 191, 1134, 245], "category": "List-item", "text": "i. Building the institutional structures and systems to facilitate the creation of a modern Jamaican Integrated Financial Management System (JIFMIS);"}, {"bbox": [116, 245, 597, 271], "category": "List-item", "text": "ii. Finalizing the formation of a modern treasury;"}, {"bbox": [109, 271, 1134, 325], "category": "List-item", "text": "iii. Creating and enhancing an institutional framework and human resource capacity which supports forward planning, monitoring and evaluation for revenue and expenditure;"}, {"bbox": [110, 325, 1134, 379], "category": "List-item", "text": "iv. Enabling an improved institutional capacity within the PFM institutions to identify and manage risks at all levels ensuring minimal disruptions in the PFM systems."}, {"bbox": [97, 388, 1134, 470], "category": "Text", "text": "The latest Progress Report of the PFM RAP implementation (August 2021) mentioned that over the 4 year period, fifty 59% of targets were achieved, with activities on-going in 25% of targets. Critical activities completed over the four (4) year period includ:"}, {"bbox": [134, 480, 1134, 536], "category": "List-item", "text": "(1) Development of tender specifications for the implementation of an Integrated Financial Management System (IFMIS)"}, {"bbox": [97, 546, 1134, 787], "category": "Text", "text": "The EU funded Technical Assistance which accompanied the PFM Budget Support component from November 2018 to August 2019 supported the Government in the developing the System Requirements Specifications and tender dossier for the IFMIS IT solution. At the recommendation of the EU funded consultancy, the GoJ took the decision to procure a Commercial-Off Shelf IFMIS solution. As it is required by the public procurement law, for high value public contracts (in this case, estimative budget of USD 7 million), the IFMIS project proposal was submitted to the Public Investment Management Committee (PIMC) in November 2019. In addition to PIMC, the tender file had to be reviewed by the ICT Council of the Ministry of Science, Energy and Technology. Due to Covid-19, the tendering process to procure a Commercial-Off Shelf IFMIS solution accumulated significant delays."}, {"bbox": [134, 797, 688, 826], "category": "List-item", "text": "(2) Modernisation of the Accountant's General Department"}, {"bbox": [97, 836, 1134, 891], "category": "Text", "text": "Modernisation of the Accountant General Department is in progress; the objective is to transform the department in a modern treasury in line with the general trend of public sector and PFM reforms."}, {"bbox": [134, 901, 1134, 957], "category": "List-item", "text": "* ✓ Implementation of a Revenue Management Module. The implementation of the revenue management module was completed in March 2020;"}, {"bbox": [134, 956, 1134, 1038], "category": "List-item", "text": "* ✓ Transition of positions to the new organisational structure. To date, 76% of positions in AGD have transitioned to the new organisational structure which now includes functional units for risk management and government accounting and reporting."}, {"bbox": [134, 1086, 926, 1115], "category": "List-item", "text": "(3) Implementation of a Public Investment Management Information System (PIMIS)"}, {"bbox": [97, 1125, 1134, 1261], "category": "Text", "text": "The PIMIS is of utmost importance as it will allow for a more efficient and continuous monitoring of the projects. The expected outcome of the system is the enhanced accessibility to real time progress data for conceptualisation to post evaluation. The first attempt to procure a vendor to develop the PIMIS was unsuccessful and cancelled in November 2019. The technical and functional requirements were updated in 2020 and the system was finally procured. PIMIS is currently being implemented and monitoring reports on all major investment projects prepared."}, {"bbox": [97, 1270, 1134, 1326], "category": "Text", "text": "In addition, an online tool that allows public access to information on Government of Jamaica's public investment projects was launched (the InvestmentMap Platform https://publicinvestmentmap.gov.jm/#/proyectos)."}, {"bbox": [134, 1336, 706, 1365], "category": "List-item", "text": "(4) Development of an asset management information system"}, {"bbox": [97, 1375, 1134, 1458], "category": "Text", "text": "Strengthening the asset management process within GoJ will enable a more efficient method of accounting for the value, quantity and location of its assets. The Terms of Reference for the development of the Systems Requirements Specifications were completed and tendering is pending."}, {"bbox": [134, 1467, 832, 1496], "category": "List-item", "text": "(5) Implementation of the Enterprise Risk Management Programme (ERM)"}, {"bbox": [97, 1506, 1134, 1641], "category": "Text", "text": "The ERM policy approved by Cabinet in 2018 aimed to assist the government to meet the requirements of the financial laws and regulations, i.e. identifying and treating the risks in government departments and requiring that Accounting Officers be responsible for formulating strategies for risk management in MDAs and for ensuring there is an effective risk governance and management process that monitors and manages the material risks to which the government is exposed. The ERM is first piloted in the Ministry of Finance and the Public Sector. The"}, {"bbox": [1027, 1680, 1144, 1706], "category": "Page-footer", "text": "Page 14 of 42"}]