/FunctionType 4 /Subtype /Type1C Sign In, You are currently signed in as Public Investment Management Assessments (PIMAs) are the IMF‘s key tool for assessing infrastructure governance over the full investment cycle and supporting economic institution building in this area. On the basis of the PIMAs conducted to date, this paper summarizes the lessons learned and updates the assessment framework itself. Main >> /Type /Font The paper showed that the average country was losing around one-third of the potential benefits from their public investment to inefficiencies in the way in which those investments are managed. stream PIMAs offer rigorous assessment of infrastructure governance, that is, the key public investment management (PIM) institutions and processes of a country. /BleedBox [ 0.0 0.0 612.0 792.0 ] /ca 1.0 /GS1 1408 0 R >> /Font << /T1_0 1409 0 R /T1_1 1414 0 R /SH1 1419 0 R >>
startxref To help countries evaluate the strength of the public investment management practices and identify priorities for reform, Mr. Gupta unveiled the IMF’s new Public Investment Management Assessment (PIMA). endobj
������Y � 0000002838 00000 n 0000003608 00000 n How to Prepare for a Commodity Price Shock », IMF Launches New Public Investment Management Assessment, Ensuring Better PFM Outcomes from Countries’ FMIS, Beyond Doctrine: Refocusing PFM for Vital Public Objectives, Budgeting in the COVID-19 Crisis: Guidance on Preparing the 2021 Budget, COVID-19 is Testing Pakistan’s PFM Limits, Australia - Department of Finance and Deregulation, Committee for a Responsible Federal Budget Blog, Public Investment Management Assessment (PIMA), Third Financing for Development Conference, Bolstering Country Public Financial Management Systems for Efficiency and Delivery, IMF Launches New Public Investment Management Assessment&uri=https%3A%2F%2Fblog-pfm.imf.org%2Fpfmblog%2F2015%2F07%2Fimf-launches-new-public-investment-management-assessment.html" class="first">Email this. endobj /ArtBox [ 0.0 0.0 612.0 792.0 ] /OCProperties << /D << /Order [ ] /RBGroups [ ] >> /OCGs [ 1428 0 R ] >> Speaking at seminar on Bolstering Country Public Financial Management Systems for Efficiency and Delivery, Sanjeev Gupta (Deputy Director of the IMF’s Fiscal Affairs Department) presented the findings of a new IMF research paper entitled Making Public Investment More Efficient. 0000473955 00000 n
0000003258 00000 n The results and recommendations of several PIMAs have been used in IMF lending, surveillance, and capacity development (CD) work, and to identify structural benchmarks in Fund-supported programs (examples are Cameroon, Côte d’Ivoire, Ghana, Kyrgyz Republic, Madagascar, and Togo). 1405 0 obj The PIMAs conducted show that there is much room for strengthening PIM, with weaknesses spread across the investment cycle. 0000028858 00000 n %%EOF endobj /CA 1.0 �:�Ba}�[�� �b������b�B�R*�gA ���7Kd'��C��[�^Nr�,i%2�>�� �0@D�F�´[��?4.S� >> /FontName /GMMJTW+AGaramondPro-Regular
The PIMA evaluates 15 institutions that shape decision-making at the three key stages of the public investment cycle: hrirh�4B����&�FL�G#�Y/),���s��ʰ���36��]M�fJ����2�\�/�6dH���P.��b��a2J*���%o7��{;%�Q"�.
@�H�#@�;�$�@qPPE��EE��R\��H��ZW���5��C�s�ˮ�4~{�}��{��{c�� `��ᇛ;�c�Ra�� �#�dE�(�8O(�9�\+0���+ċ�����-�,e�"�]�>�/|�: `O���|@�@��PV�5`-X� liVzV��6�����2�i /PageLayout /OneColumn /Domain [ 0.0 1.0 0.0 1.0 ] 0000027550 00000 n A key motivation for its development has been that strong infrastructure governance is critical for public investment to spur economic growth.
Yet, the revised PIMA retains the key features of the 2015 framework, including the three-phase structure (planning, allocation, and implementation) with five institutions assigned to each phase, three dimensions under each institution, and three possible scores under each dimension (i.e., not/partially/fully met). This chapter provides a snapshot of progress that has been made since the release of the Review and the on-going programme of action. 1400 0 obj /Root 1399 0 R 2051 0 obj <> endobj 1430 0 R >> >> Use the free Adobe Acrobat Reader to view this PDF file.
The letters and numbers you entered did not match the image. The IMF has recently conducted a stock-taking exercise on the PIMAs undertaken so far. From time to time, we have been asked questions concerning the nature, scope and .
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endobj This prevents automated programs from posting comments. Please address any questions about this title to publications@imf.org. /Contents [ 1420 0 R 1431 0 R ] | How to Prepare for a Commodity Price Shock ». The IMF’s new paper also found that strengthening public investment management institutions can close up to two-thirds of the public investment efficiency gap. 0000003358 00000 n /Length 97 To meet their infrastructure needs, countries can either spend more or spend better. The PIMA framework has been well-received by member countries, with over 30 PIMAs conducted to date (mainly in emerging markets (EMs) and low income developing countries (LIDCs), and a pipeline of new requests in place; eight PIMAs have been or are about to be published. /ItalicAngle 0 Comments are moderated and will not appear until approved by the author.
<< The Public Investment Management Assessment (PIMA) is the IMF’s main tool for assessing infrastructure governance over the full investment cycle—from planning to execution—and for supporting institution building in this area. 0000001426 00000 n /CA 1.0 >> 7.
The PIMA evaluates 15 institutions that shape decision-making at the three key stages of the public investment cycle: Planning sustainable investment across the public sector; View an alternate.
While leaving the structure of the 2015 framework unchanged, the revised PIMA framework highlights some critical governance aspects more prominently (see chart). Having trouble reading this image? In Mozambique, for example, the World Bank has followed up the 2016 PIMA with technical assistance on project appraisal and selection, as well as advice on the impact of capital investment on debt sustainability. << 0000016677 00000 n /SA true
(Global Headquarters) /CapHeight 660 Updated PIMA Framework Looking ahead, plans for several new PIMAs are in the pipeline, support to the implementation of the recommendations and follow up CD is strongly demanded and interest in member countries is high.
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Your comment has not yet been posted. Either way, spending more and spending better both require strong infrastructure governance, which the IMF is supporting through its Infrastructure Policy Support Initiative. Your comment could not be posted. 0000015996 00000 n The results and recommendations of several PIMAs have been used in IMF lending, surveillance, and capacity development (CD) work, and have improved support and coordination among CD providers.
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