Benin: Technical Assistance Report-Public Investment Management Assessment

Benin: Technical Assistance Report-Public Investment Management Assessment–PIMA and C-PIMA

November 16, 2023

Preview Citation

Format: Chicago

Benin: Technical Assistance Report-Public Investment Management Assessment–PIMA and C-PIMA, (USA: International Monetary Fund, 2023) accessed December 23, 2024

Also available in: français

Summary

This technical report discusses the results of the Public Investment Management Assessment (PIMA) of Benin, undertaken in March 2023 to update a previous assessment based on an October 2017 mission. The mission found out that public investment in Benin has significantly increased from its 2019 low and should help sustain progress in terms of physical access to infrastructure. The assessment highlighted progress since the late 2017 PIMA with respect to the institutional framework for public investment management, facilitated by the adoption of a comprehensive PIM legal framework. It also identified areas where effectiveness is still lagging, notably in terms of project appraisal and selection, maintenance and for PIMA institutions related to the execution of public investment. The report also includes the results of the climate module of the PIMA evaluation, which reflect that Benin’s long-lasting commitment in the fight against climate change, captured in a 2018 national law against climate change, are starting to feed into some public investment management practices. On the basis of this assessment, the report proposes seven high-priority recommendations that could greatly improve public investment management in the short to medium term.

Subject: Budget planning and preparation, Climate change, Environment, Expenditure, Infrastructure, International organization, Monetary policy, National accounts, Public financial management (PFM), Public investment spending

Keywords: Budget execution, Budget planning and preparation, Climate Change, Draft budget law, Expenditure, Global, Government action program, Infrastructure, Investment expenditure, Investment project, Public financial management, Public Investment Management, Public investment spending, Public investment spending., State investment choice, Sub-Saharan Africa, WAEMU budget rule, West Africa

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/367
Stock No:

1BENEA2023003
ISBN:

9798400260254
ISSN:

1934-7685

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