Benin: Technical Assistance Report-Public Investment Management Assessment

International Monetary Fund

No 2020/028, IMF Staff Country Reports from International Monetary Fund

Abstract: The Public Investment Management Assessment (PIMA) of Benin has brought to light an institutional framework of high quality but ineffective implementation. In accordance with the PIMA methodology applied in several countries, the mission focused on assessing the institutional strengths for each institution in the analytical framework, as well as its effective implementation. The authorities in 2016 adopted an ambitious investment plan, the government action program (PAG), which is designed to stimulate Benin's economic and social development. Investments in flagship sectors have been identified as means to support this development; the PAG provides recourse primarily to new financing mechanisms, such as public-private partnerships, to ensure the realization of these investments. In connection with the implementation of the PAG, the financial incidences of selected projects should be fully accounted for and reflected in the budget documentation to ensure their sustainability. Enhanced coordination of planning and budget exercises would encourage a better consideration of recurrent expenditure.

Keywords: ISCR; CR; commitment authorization; government action program; investment project; payment appropriation; executive authorities; central government; cash resource; PPP support unit; public investment; local government; decision-making authorities; Public investment and public-private partnerships (PPP); Public investment spending; Budget planning and preparation; Capital spending; West Africa; Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 70
Date: 2020-01-27
New Economics Papers: this item is included in nep-ppm
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