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Democratic Republic of the Congo: Technical Assistance Report on Public Investment Management Assessment - PIMA and Climate PIMA

International Monetary Fund

No 2023/058, IMF Staff Country Reports from International Monetary Fund

Abstract: This technical assistance report on the Democratic Republic of the Congo (DRC) focuses on Public Investment Management Assessment (PIMA) and climate PIMA. The access and quality of infrastructure resulting from these investments are very poor, with major risks of deterioration. While it is important to increase investment, that will not be enough; it is also necessary to invest better, thanks to enhanced public investment management. Public investment management in the DRC suffers from weaknesses across the whole project cycle, both on paper and in practice. Strengthening budget credibility is a key condition for the success of public investment management reforms in the DRC. Based on the PIMA evaluation, this report puts forward seven high-priority recommendations that could greatly improve public investment management in the DRC in the short to medium term. Finally, other significant efforts to reform public finance management undertaken by the Government will contribute to enhancing public investment management. This relates particularly to the shift to a double budget appropriation system, to the transition to program-based budgeting, and to the strengthening of transparency and competition in public procurement.

Keywords: Budget planning and preparation Capital spending Expenditure Fiscal Policy Infrastructure International Organization National accounts Public financial management (PFM) public investment spending; B. Pima climate change module assessment framework; investment Plan; management institution; management practice; programming conference; trends in the DRC; C. allocating investment; Budget planning and preparation; Public investment spending; Climate change; Sub-Saharan Africa; Southern Africa; Africa; Global (search for similar items in EconPapers)
Pages: 81
Date: 2023-01-30
New Economics Papers: this item is included in nep-ppm
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