IMF Staff Country Reports

Seychelles: Technical Assistance Report–Public Investment Management Assessment–PIMA and Climate PIMA

November 20, 2023

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Seychelles: Technical Assistance Report–Public Investment Management Assessment–PIMA and Climate PIMA, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

The Public Investment Management Assessment (PIMA) for Seychelles shows a relatively well-designed public investment management system, with well-unified budgeting arrangements and effective funding processes for capital projects. However, the assessment also notes under-execution of capital budgets and identifies important areas for improvement in medium-term budgeting, project planning, and asset management. The Climate Public Investment Management Assessment (C-PIMA) provides a climate perspective on public investment management in Seychelles. This module identifies proactive climate-related public investment coordination but gaps in the incorporation of climate resilience measures within the investment framework. Recommended reforms are geared towards enhancing project appraisal, defining roles in the public investment system, and integrating climate change adaptation into the planning process. These reforms, aligned with Seychelles' National Development Strategy, aim to optimize public investment management and ensure sustainable development in the face of climate-related challenges.

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

Keywords: Authorities of Seychelles, Budget planning and preparation, Climate, Climate change, Climate PIMA, Climate PIMA, Efficiency gap, Fiscal risk, Fiscal risks, Global, Investment plan, Management framework, Management institution, Public investment management, Public investment spending, Seychelles budget processes, Seychelles government, Seychelles., Small island states

Publication Details

  • Pages:

    98

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/371

  • Stock No:

    1SYCEA2023003

  • ISBN:

    9798400259371

  • ISSN:

    1934-7685

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