Benin: Technical Assistance Report-Public Investment Management Assessment–PIMA and C-PIMA
IMF Staff Country Reports, November 16, 2023
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Bibliographic details
- Published: November 16, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400260254.002
Overview and mission timing
- Public Investment Management Assessment (PIMA) of Benin undertaken in March 2023 to update the prior assessment based on an October 2017 mission.
- The mission found public investment in Benin has significantly increased from its 2019 low and should help sustain progress in terms of physical access to infrastructure.
- The report includes the results of the climate module of the PIMA evaluation.
Institutional framework and recent progress
- Progress since late 2017 PIMA noted with respect to the institutional framework for public investment management, facilitated by the adoption of a comprehensive PIM legal framework.
- Institutional improvements primarily relate to the legal/institutional scaffolding for PIM.
Effectiveness gaps and operational weaknesses
- Areas where effectiveness is still lagging:
- Project appraisal and selection.
- Maintenance of assets.
- PIMA institutions related to the execution of public investment.
- These gaps impede the translation of higher public investment levels into fully effective infrastructure outcomes.
Climate considerations (PIMA climate module)
- Benin’s long-lasting commitment in the fight against climate change is captured in a 2018 national law against climate change.
- The climate module reflects that this commitment is starting to feed into some public investment management practices.
Findings and implications
- Increased public investment since 2019 low is expected to support improved physical access to infrastructure.
- Institutional legal reforms have strengthened the PIM framework, but operational effectiveness (appraisal, selection, maintenance, execution) remains insufficient to maximize investment returns.
- Integration of climate commitments into PIM is underway but still in early stages of influencing broader PIM processes.
Recommendations (prioritized)
- The report proposes seven high-priority recommendations that could greatly improve public investment management in the short to medium term.
Metadata (selected)
- IMF Staff Country Reports
- Date of report: November 16, 2023
- Pages: 86
- Series: Country Report No. 2023/367
- DOI: https://doi.org/10.5089/9798400260254.002
International Monetary Fund. Benin: Technical Assistance Report-Public Investment Management Assessment–PIMA and C-PIMA, November 16, 2023.
Content in this bundle
- 1benea2023003