Gabon: Technical Assistance Report-Public Investment Management Assessment

June 8, 2020

Preview Citation

Format: Chicago

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

Also available in: français

Summary

In response to a request from the Gabonese authorities, a mission from the Fiscal Affairs Department of the IMF visited Libreville to conduct an evaluation of public investment management, using the Public Investment Management Assessment methodology. The report highlights that enhancing the efficiency of public investment is essential, given Gabon’s current budget constraints. Improving public investment management (PIM) should help stem the declines in public investment efficiency in Gabon. In terms of infrastructure quality, public investment efficiency has fallen to half of the expected optimal level, compared to a 20 percent decline both worldwide and in Sub-Saharan Africa, as well as a 31 percent decline in member states of the Central African Economic and Monetary Union. The findings of the PIM assessment reveal structural deficiencies in planning procedures and institutional arrangements. Eight recommendations are put forward to enhance PIM efficiency in the short and medium terms, with three urgent steps needed to rationalize planning.

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

Keywords: Budget law, Budget planning and preparation, Capital expenditure, Capital stock, Cash flow, CR, Fiscal law, Fiscal policy, Fixed asset, Government procurement internet portal, Income statement, Investment expenditure, Investment project, ISCR, Local government, Project management, Public investment and public-private partnerships (PPP), Public investment spending, Sub-Saharan Africa

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/188
Stock No:

1GABEA2020002
ISBN:

9781513546438
ISSN:

1934-7685

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