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Recommendations For The Restructuring Of - Jamaica Information ...

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<strong>The</strong> Accountant General’s Department and Tax Administration will remain and report directly to<br />

the Financial Secretary.<br />

*<strong>The</strong> Bank of <strong>Jamaica</strong> will continue to operate autonomously under the broad oversight of the<br />

Ministry of Finance.<br />

Entities to be Transferred<br />

• <strong>The</strong> Public Service Establishment Division is to be transferred to the Cabinet <strong>Of</strong>ficewhere<br />

the strategic human resource management functions will be managed<br />

• <strong>The</strong> C.H.A.S.E Fund to OPM<br />

• Fiscal Services Limited to OPM where Government’s ICT functions will be managed<br />

• Development Bank of <strong>Jamaica</strong> to be transferred from OPM and merged with EXIM Bank.<br />

Capital Development Fund to be transferred with the DBJ from OPM<br />

• Executive Agencies Monitoring Unit to Cabinet <strong>Of</strong>fice under the Performance<br />

Monitoring and Evaluation Unit<br />

Entities to be Privatised<br />

• Caymanas Track Limited<br />

Entities to be Abolished<br />

• FINSAC (over time)<br />

• Financial Institution Service Limited (over time)<br />

A strategic review of the Ministry will be conducted, in order to align appropriately its structure<br />

with the desired outcomes.<br />

Public Sector Master Rationalisation Plan 23<br />

<strong>Recommendations</strong> for <strong>Restructuring</strong> of Ministries, Departments and Agencies PSTU: May 2011

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