Financial Management Specialists Team Sample Clauses

Financial Management Specialists Team. This team will consist of Budget and Financial Management Specialist and Financial Management Analyst. Financial management is a critical element to strengthen the capacity of managing financial resources and of executing the loans with solid accounting system such as accurate book-keeping, and with well established management information system under each implementing line ministries. Also, all the financial information of records on expenditures and projections of budgets for the Japanese ODA loan projects shall be shared with the Ministry of Finance on a daily basis to manage public debts and to secure and execute budgets as scheduled. The Support Unit to JICA/Monitoring Committee will conduct an overall assessment on financial management system for the implementing line ministries successively and monitor the implementation of financial management under each project to ensure that all the procedures are corresponding to the progresses of contracts, which have been developed for obtaining JICA concurrence by the implementing line ministries/PMTs. • Assess the financial management system including book-keeping and management information system, of the implementing line ministries successively and prepare a report to identify issues and recommendations; • Assist the implementing line ministries/PMTs in establishing annual disbursement plans up to the completion of projects • Provide guidance to the implementing line ministries/PMTs in the preparation of requests for disbursement and/or requests for reimbursement in accordance with loan agreements; • Monitor the compliance to the financial procedures that official requests of all the financial documentations prepared by the implementing line ministries/PMTs are submitted to JICA in line with payment conditions of contracts and provide procedural guidance to ensure that they comply with JICA applicable guidelines; • Perform sample verifications of the evidences to be used for disbursement requests and confirm that all supportive documents are correct, based on the payment conditions of contracts; • Review the monthly disbursement plans for each project which prepared by the implementing line ministries / PMTs and ensure that the implementing line ministries / PMTs continue to update them; • Support capacity building to implementing line ministries that JICA designs to provide in terms of financial management with JICA’s applicable guidelines and loan agreements; • Provide monthly and quarterly reports to JI...
Sample 1
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