Circular on Issuing the Interim Administrative Measures for the China Economic Transformation and Institutional Capacity Building Project
Circular on Issuing the Interim Administrative Measures for the China Economic Transformation and Institutional Capacity Building Project
Circular on Issuing the Interim Administrative Measures for the China Economic Transformation and Institutional Capacity Building Project
Cai Ji [2014] No.80
August 29, 2014
The relevant ministries and commissions of, and institutions directly under, the State Council, and departments (bureaus) of finance of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan (excluding Tibet),
With the approval of the State Council, the Ministry of Finance signed the Loan Agreement for the China economic transformation and institutional capacity building project with the World Bank on June 13, 2014. The total amount of loans is the equivalent of USD35 million. To practically and effectively implement the project and successfully realize the objectives of the project, the Ministry of Finance has enacted the Interim Administrative Measures for the China Economic Transformation and Institutional Capacity Building Project, which are hereby issued for compliance and implementation. If you have any question during execution, please contact with the Ministry of Finance (Department of International Affairs) in time.
Telephone: 010-68553167 /2587
Interim Administrative Measures for the China Economic Transformation and Institutional Capacity Building Project
Chapter I General Provisions
Article 1 To standardize the management of "China Economic Transformation and Institutional Capacity Building Project" (hereinafter referred to as the "Project") of loans from the World Bank, improve the use efficiency of loan funds, and ensure the smooth implementation of the Project and the achievement of objectives of the Project, the Interim Administrative Measures for the China Economic Transformation and Institutional Capacity Building Project (hereinafter referred to as the "Measures") are enacted in accordance with the Measures for the Administration on the Loans and Grants by International Financial Organizations and Foreign Governments (Order of the Ministry of Finance No.38) and the relevant provisions.
Article 2 The Measures apply to the execution management organization of the Project and all-level departments of finance and sub-project related organizations which apply for using loans of the Project and implement sub-projects.
Chapter II Project Management Organizations and Their Responsibilities
Article 3 The Ministry of Finance is the execution management organization of the Project.
The Department of International Affairs of the Ministry of Finance is the management office of the Project, which is responsible for daily management of the Project on behalf of the Ministry of Finance:
1. formulate specific provisions on implementation and management of the Project;
2. manage the whole process from project approval, implementation to completion of sub-projects;
3. supervise and guide the project management work of sub-project related organizations at the central level and the relevant provincial departments of finance;
4. conduct foreign liaison work in terms of implementation, management and planning of the Project;
5. take charge of financial management and fund payment of the Project; and
6. perform other duties required by the Project.
Article 4 Sub-project related organizations refer to all-level government sectors and organizations that are in charge of reporting and executing sub-projects. Sub-project related organizations mainly perform the following responsibilities:
1. design and put forward the application for sub-projects;
2. sign the Project Implementation (On-lending) Agreement with the Ministry of Finance;
3. specifically implement sub-projects, make supporting funds workable, withdraw loan funds, bear uniformly incurred and individually repaid debts, and support financial accounting and management;
4. work with the Ministry of Finance and the World Bank about supervision, inspection, summary and assessment of sub-projects; and
5. perform other responsibilities required by sub-projects.
Article 5 Sub-project related organizations shall establish sub-project management offices to take charge of daily implementation and management of sub-projects.
Sub-project management offices shall be equipped with personnel who can work in English and is familiar with procurement and finance work.
Sub-project related organizations shall submit the name list, division of responsibilities and contact information of personnel of sub-project management offices to the Ministry of Finance for filing.
Article 6 Local sub-projects are under the jurisdiction of provincial departments of finance that uniformly manage the whole process of loans of local sub-projects. The said departments mainly perform the following responsibilities:
1. gather and report applications for sub-projects put forward by local sub-project related organizations;
2. sign the Sub-project On-lending Agreement with the Ministry of Finance, and make sub-project related organizations actually receive loan funds through signing the Sub-project Implementation Agreement with corresponding sub-project related organizations;
3. supervise and guide specific project implementation of corresponding sub-project related organizations;
4. take charge of withdrawal from and reimbursement to the Ministry of Finance and financial accounting and management of local sub-projects, and supervise the use of loan funds of sub-projects and the supply and use of supporting funds of projects in accordance with the Detailed Rules on Financial Management of the China Economic Transformation and Institutional Capacity Building Project (hereinafter referred to as "Detailed Rules on Financial Management");
5.. repay the principal and interest of loans of local sub-projects to the Ministry of Finance;
6.
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