Jamaica has been building its institutional PPP capacity over the past few years, passing a PPP policy in September 2012, which established a new institutional framework along with a comprehensive process to guide the identification, development, evaluation, implementation and management of PPPs.
Under the 2012 framework, a PPP unit in the Development Bank of Jamaica (DBJ) manages the project launch process after financial requirements are set by the Ministry of Finance (MOF). By providing the framework for PPPs, the government aims to standardize PPP implementation, attract private investment and limit fiscal exposure.
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