Guinea: Technical Report-Public Investment Management Assessment

March 21, 2019

Preview Citation

Format: Chicago

Guinea: Technical Report-Public Investment Management Assessment, (USA: International Monetary Fund, 2019) accessed December 3, 2024

Also available in: français

Summary

This Technical Report discusses Guinea’s Public Investment Management Assessment (PIMA). This report presents public investment trends and the public investment efficiency gap, details the results of the assessment, and offers recommendations to improve PIM in Guinea. The institutional PIM framework has more strengths than weaknesses, despite being incomplete, while PIM effectiveness shows more weaknesses than strengths. Guinea recently signed roughly 20 public–private partnership (PPP) contracts through direct negotiation, although the institutional framework for PPPs is not yet finalized; this represents a source of potential financial risk that has not been evaluated. It is important to ensure that PPPs are adequately addressed in the legal and regulatory framework and to promote public access to information to uphold the principles of competition, efficiency, transparency, and, in particular, to open unsolicited proposals to competition. The report highlights that if Guinea is to reap the full benefits of its increasing capital spending, the authorities need to focus on correcting PIM weaknesses and improving the efficiency of PIM.

Subject: Budget planning and preparation, Capital spending, Expenditure, Public financial management (PFM), Public investment and public-private partnerships (PPP), Public investment spending

Keywords: Budget planning and preparation, Capital spending, Capital stock, CR, Guinean authorities, Investment expenditure, Investment project, ISCR, Project management, Public investment, Public investment and public-private partnerships (PPP), Public investment spending, Sub-Saharan Africa

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/082
Stock No:

1GINEA2019002
ISBN:

9781498303880
ISSN:

1934-7685

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