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Government of Jamaica Policy Framework and Procedures Manual for the Privatisation of Government Assets October 2012 (Revised December 2017)
Privatisation expenses funded by the Privatisation Escrow Account are to be recovered from sales proceeds and deposited to the Privatisation Escrow Account
7.0.3 PROJECT PREPARATION FACILITY
An alternate source of funding for privatisation costs is the Project Preparation Facility (PPF). The PPF is funded from the World Bank under the Foundations for Competitiveness and Growth Project. The PPF will finance studies and technical assistance needed to bring large projects such as infrastructure and social sector public-private partnerships, divestments and other strategic investments to commercial and financial close. The PPF is a revolving facility, where the costs for the studies related to commercially viable transactions are ultimately borne by the successful bidders of the investment projects.
Eligible activities that will be supported include:
1. Consultant services required to prepare and bring approved projects to the market
2. Pre-feasibility and feasibility studies, including: a. Market Analysis b. Demand forecasts c. Technical designs and specifications d. Environmental and social impact analyses, and any other required
safeguard policy or other studies to protect the public interest e. Preparation of detailed cost estimates and financing plans f. Assessment of the need for direct government support in case the
project is not viable on its own g. Analysis of project delivery options
3. Preparation and analysis of financial models or cash flow projections 4. Valuation reports 5. Business Plan development 6. Transaction management services
8.0 PRIVATISATION FEES
Privatisation Fees - Remuneration for Privatisation Agency
The Privatisation Agency will charge a Privatisation fee for the services provided to the GOJ in support of the Privatisation transactions. The MDA is required to execute a Privatisation Services Agreement upon appointment of an Enterprise Team where the Privatisation Agency provides privatisation support including Transaction Management or Secretariat Services. The Privatisation Agency may charge a flat fee, a commission based fee or a combination thereof.
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In response to the requests by the Working Group on Sustainable Measures, country-level
information on both the funds needed and the cost of inaction for many countries exist. How-
ever, such information is scattered in multiple literature and platforms, yet to be combined,
compared and updated. This study was aimed to compile and update, for each country and
economy globally, the five important indicators regarding financing and implementing the
nue if excise cigarette taxes were increased by one international dollar (I$), and number of
smoking attributable death averted as a result of a I$ 1 excise tax increase. We also used the
excise tax revenue simulation results and the cost estimates of the best-buy policy implementa-
tion to evaluate the ratio of increased tax revenue that can be used to fund the implementation
fund itself through implementing its taxation policies.
Method, data sources and measures
The selection of the five indicators was guided by both the cost-benefit analysis of policies and
the economic analysis of sin taxes (excise taxes imposed on unhealthy behaviors). Excise taxes
on addictive goods such as tobacco and alcohol have been considered as an important tax reve-
nue source for governments since the publication of the Wealth of Nations. When the lack of
funding sources becomes a major obstacle to further implementing the FCTC policies, it is
important to show how increasing excise taxes can potentially be a funding source, along with
the major costs and benefits of the FCTC policy implementation.
The five indicators were updated or calculated at the country level using 2016 information
(or 2014–15 information when the 2016 one is not available), with details described below.
Country-level specific indicators and simulation results under the scenario of a I$ 1 excise tax
increase were reported using an Excel tool. Finally, we aggregated indicators and simulation
results by the 2016 World Bank income groups, which classify countries into high-income
countries (HICs), middle-income countries (MICs), and low-income countries (LICs).
score by adding up the six MPOWER scores. Although this composite score does not evaluate
measure of the arguably most effective policies and their implementation progress.
Data source. WHO’s reports on the global tobacco epidemic published in 2017 provide
Among these six scores, “M” score evaluates the level of monitoring tobacco use and preven-
tion policies, “P” score measure laws or policies protecting people from tobacco smoke (e.g.
smoke-free air laws), “O” score refers to offering help to quit tobacco use, “W” score refers to
warning about the dangers of tobacco, “E” scores refers to enforcing bans on tobacco advertis-
ing, promotion and sponsorship, and “R” scores refers to raising taxes on tobacco. Each score
has four or five levels, with a score of 1 representing a lack of data (missing data) and a score of
2–5 representing the weakest to strongest policies.
Tobacco control costs and financing sources
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The Financial Officer will report directly to the Financial Specialist.
The Financial Officer will be required to complete an annual evaluation, which shall be conducted at the
end of each contract anniversary year. The evaluation will seek to establish the performance of the Financial
Officer over the period of the entire contract period and the recommendation for gratuity payment.
8.0 CHARACTERISTICS OF THE ASSIGNMENT
Reporting Relationships: The consultant will report to the Financial Specialist.
All deliverables and/or reports will be reviewed and approved by the
Nature of the Assignment: The assignment is on purely contractual basis. The tenure will be co-
terminus with the project duration. The contract will be for two (2) years in
the first instance, and extended based on satisfactory performance.
Level of effort: Full time level of effort of twenty-four (24) consecutive months, with full
days Monday through Friday, operating normally within a professional
office environment. Some weekend or evening hours may be necessary. This
role routinely uses standard office equipment such as computers, phones,
photocopiers, filing cabinets and fax machines.
Duration of contract: Twenty-Four (24) months (subject to renewal)
within and outside the Kingston Metropolitan Area.
Type of Consultancy: Individual
Type of contract: Lump-sum payments based on scheduled deliverables
Financing Agreements: Consultancy payments will be made through the Office of the Prime
9.0 MINIMUM QUALIFICATION AND EXPERIENCE
The incumbent must meet the minimum required qualifications as detailed below or based on equivalency.
Equivalency decisions are made on the basis of a combination of education and experience that would
provide the required knowledge and abilities.
First Degree in Accounting/Management Studies with Accounting or BBA from a recognized
University. (Post-graduate training in Accounting is an asset) or;
ACCA Level 2 or 3 or; Associate of Science Degree in Accounting, from an accredited institution,
along with the Diploma in Government Accounting from an accredited institution;
Must have good knowledge of procurement policies and procedures of multi‐lateral financial
institutions (e.g. the Inter‐American Development Bank or World Bank) and Technical Cooperation
Agreements, as well as good knowledge of the institutional, technical, and legal aspects of procurement.
Sound Knowledge of the Financial Administration and Audit Act
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Data source. The 2016 measure of cigarette affordability, originally developed by Blecher
meeting its OGP commitments, according to the substance and timelines set out in its national action plan. This report should be made publicly available in the local language(s) and in English. It should be published on the OGP website. An end of term self-assessment report will be required after two years of action plan implementation. IRM: As a complement to the participating government’s self-assessment report, an independent progress report is to be written by well-respected governance researchers, preferably from each OGP participating country. These researchers are to use a common OGP independent progress report instrument and guidelines, based on a combination of interviews with local OGP stakeholders as well as desk-based analysis. This report is to be shared with a small International Experts Panel (appointed by the SC) for peer review to ensure that the highest standards of research and due diligence have been applied. The draft report is then shared with the relevant OGP government for comment. After receiving comments on the draft report from each government, the researcher and the International Experts Panel finalize the independent progress report for publication on the OGP portal. OGP participating governments may also issue a formal public response to the independent report on the OGP portal once it is published. The executive summary of the independent progress report is to be made publicly available in the local language(s) and in English. Independent Reporting Mechanism Charter (Addendum G) serves as the governing document for the IRM and was approved by the OGP Steering Committee at its September 2014 meeting in New York.
OGP is a voluntary, multi-stakeholder initiative. It is funded through monetary support from OGP participating governments and grants from other public and private donors. All OGP participating governments are expected to make annual financial contributions to fund the Support Unit and IRM. As agreed by the OGP Steering Committee, a countrys income level determines the level of the required contribution. The income level is derived from the World Banks income classification. Governments that for two successive years have not made financial contributions to OGP at or above the minimum amount for their income tier will not be eligible to run for a seat on the OGP Steering Committee or participate in any formal vote of OGP participants, unless there are exceptionable circumstances. This exception would be if the Support Unit, in consultation with the Governance and Leadership subcommittee, determines that there are legitimate reasons for a government’s failure to contribute that the government is making a concerted effort to overcome. While all participating governments are expected and encouraged to contribute, failure to make a financial contribution will not result in the suspension of a government’s membership in OGP or any of its committees, nor will it affect said government’s ability to participate in OGP events.
While payments may be made on an annual basis, multiyear commitments are also
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