Prime Minister’s Delivery Unit, Annual Report (2018 – 2019)
In July 2017, the Government of The Bahamas officially launched the Public Financial
Management/Performance Monitoring Reform (PFM/PMR) Project. The PFM/PMR Project
is financed through an Inter-American Development Bank loan to The Bahamas valued at
$33 million, which was approved by Parliament in 2016. The PFM/PMR Project is managed
by the Project Implementation Unit (“PIU”) under the Ministry of Finance, and aims to
strengthen the Government’s capacity to allocate, manage and monitor public resources,
through the four (4) components summarised in Figure 2