Jordan: Technical Assistance Report-Public Investment Management Assessment (PIMA)

International Monetary Fund

No 2017/366, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Assistance Report discusses the recommendations given by the IMF mission on improving the public investment management in Jordan. Jordan’s public finances have deteriorated since the mid-2000s, resulting in a significant reduction in public investment. In response to several negative external shocks, notably the Iraq and Syria crises and the 2008 global financial crisis, the government has reduced public investment and stepped up the use of public-private partnerships (PPPs). It is recommended to improve the quality of strategic planning by clarifying roles and responsibilities, enhancing coordination mechanisms between the institutions involved, and ensuring that strategic projects go through the Executive Development Plan cycle. The oversight and disclosure practices of PPPs should also be strengthened.

Keywords: ISCR; CR; government procurement website; consolidation effort; construction project; authorities data.; government loan guarantee; government unit; government works by-law; public sector investment portfolio; General government finance bulletin; government direct support; Public investment and public-private partnerships (PPP); Public investment spending; Budget planning and preparation; Capital spending; Global (search for similar items in EconPapers)
Pages: 60
Date: 2017-12-18
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