CATEGORIES OF PROJECTS
Ministries develop proposals for funding and these are appraised according to their PSIF eligibility criteria. There are two categories of projects.
1. Core Projects( Over SAT$100,000 )
The strategic focus of the PSIF is through a series of core programs that address key issues across government.
Core projects proposals are prepared by agencies. Agencies are encouraged to consult with the FMU when developing their project proposals, ensuring that their project proposals meets the PSIF eligibility criteria.
Agencies submit their core project proposals to Economic Policy and Planning Division (EPPD) of the Ministry of Finance for appraisal. The EPPD then submits their appraisal reports to the Cabinet Development Committee (CDC). If approved by CDC, projects that have identified PSIF funding are then referred to FUM for PSIF approval, development of the project agreement and assistance with project implementation processes.
Approval by CDC as projects that meet the Government's development agenda requirements does not mean that funding will automatically be available through the PSIF. The PSIF has an annual budget and works within those parameters. It is therefore important that agencies communicate with the FMU in the initial planning for their project proposal. The FMU does not fund retrospective activities.
2.Immediate and Emerging Priorities(IEP) Usually less than SAT$100,000
The Facility supports Immediate and Emerging Priorities (IEPs) so as to provide responsive solutions to smaller projects that address an agency's priority needs in a more immediate way.
IEP proposals are prepared by agencies and submitted to the FMU for appraisal. The FMU refers all IEPs to the FSC Sub-Committee for approval.