Benin: Technical Assistance Report-Public Investment Management Assessment

January 27, 2020

Preview Citation

Format: Chicago

Benin: Technical Assistance Report-Public Investment Management Assessment, (USA: International Monetary Fund, 2020) accessed November 21, 2024

Also available in: français

Summary

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.

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

Keywords: Africa, Budget planning and preparation, Capital spending, Cash resource, Central government, Commitment authorization, CR, Decision-making authorities, Executive authorities, Government action program, Investment project, ISCR, Local government, Payment appropriation, PPP support unit, Public investment, Public investment and public-private partnerships (PPP), Public investment spending, Sub-Saharan Africa, West Africa

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/028
Stock No:

1BENEA2020001
ISBN:

9781513528090
ISSN:

1934-7685

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