- The opening ceremony of the “Financial Management Training: Improving Public Service Delivery through Enhanced Fiscal Decentralization” was graced by the Hon’ble Finance Minister on 3rd October, 2017 at the Royal Institute of Management (RIM).
- The four day training program is exclusively for the Accounts Assistants from all the budgetary agencies of the country.
- The objective of this training program is to bring together all key players in the Public Financial Management (PFM) and update knowledge on some of the new initiatives and development in the PFM system like, revised Financial Rules and Regulations 2016, PEMS, MYRB, RAMIS, e-Government Procurement System and e-Payment.
- This platform will provide an opportunity to discuss and deliberate on the issues and challenges faced by the finance personnel while carrying out responsibilities and functions on daily basis in the field.
- The Royal Civil Service Commission, Royal Audit Authority and the Office of Anti-Corruption Commission will also make a presentation to the participants during the course of training.
- Around 570 accounts assistant will participate the four day training program from 3-6th October 2017.
The training program will conclude on 6th October 2017.
Applications for the following positions are invited from the Nationals of SAARC Member States (Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan & Sri Lanka) for appointment at the SAARC Development Fund, Thimphu Bhutan:
- Director, Economic & Infrastructure Windows
- Director, Social Window/Administration & Finance
- Assistant Director, Internal Audit
- Assistant Director, Monitoring & Evaluation
- Executive Secretary to the CEO (GSS- l)
The Terms of Reference (TORs) and prescribed application Form for the above mentioned positions are available on SDF website www.sdfsec.org. Application Form, CV, copies of educational certificates and experience letters should be sent by email to email@example.com and firstname.lastname@example.org latest by October 15, 2017.
Dr. Sunil Motiwal
Chief Executive Officer
Launching of Public Private Partnership (PPP) Policy 2016 & PPP Rules and Regulations 2017
The Public Private Partnership (PPP) Policy 2016 and PPP Rules and Regulations 2017 was officially launched by the Hon’ble Finance Minister on 15th September, 2017 in the Ministry of Finance, Tashichhodzong. This Rules and Regulations will contribute towards improving socio-economic development of the country.
The Royal Government of Bhutan recognizing the importance of investment in infrastructure to accelerate socio-economic development has embarked on promoting Public Private Partnership (PPP) as a key strategy for achieving sustainable economic growth. Considering the substantive role played by PPP in harnessing private sector investments and their operational efficiencies, the Government has approved the PPP Policy in 2016.
Public Private Partnership (PPP) is a long term arrangement between public and private sectors to leverage private sector resources and expertise in meeting the growing demand of infrastructure development, though shared risk and resources.
The PPP Policy 2016 provides a structured, transparent and institutionalized approach to PPPs – establishing uniform procedures across various sectors and ensuring fair and equal access to PPP projects. It covers all infrastructure and services that are affordable to the Government, end-users and represent Value for Money. Further, it supports the development of viable and feasible projects as PPPs that shall offer reasonable returns to the private sector, better service delivery options for the citizens, while protecting the Government from fiscal risks.
Accordingly, to operationalize the PPP Policy, the MoF formulated PPP Rules and Regulations 2017, in close consultation with key stakeholders with an objective to provide more specific guidance in designing and implementing PPP projects. These Rules and Regulations shall establish an enabling environment for private investors to participate in PPP projects with transparent and streamlined process.
These PPP Rules and Regulations shall be applied to all new projects being planned or solicited for development through the PPP model.
The Royal Government in order to effectively facilitate the implementation of PPP program has established a PPP Unit under the Department of Macroeconomic Affairs, Ministry of Finance in the Year 2016.