High-Level Summary Technical Assistance Reports

Maldives: Mainstreaming Climate Change into Public Financial and Investment Management Green PFM and Climate PIMA

By Ozlem Aydin, Claude P Wendling, Bryn Welham, Eivind Tandberg, Juana Aristizabal

December 30, 2024

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Format: Chicago

Ozlem Aydin, Claude P Wendling, Bryn Welham, Eivind Tandberg, and Juana Aristizabal. "Maldives: Mainstreaming Climate Change into Public Financial and Investment Management Green PFM and Climate PIMA", High-Level Summary Technical Assistance Reports 2024, 056 (2024), accessed January 2, 2025, https://doi.org/10.5089/9798400297243.029

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Summary

An IMF Team assessed the green public financial management (PFM) practices, drawing on the IMF’s Green PFM framework, and conducted a Climate Module of the Public Investment Management Assessment (C-PIMA) in the Maldives. It identified strengths related to the recent public investment management (PIM) reforms, but also several remaining priorities along the budget and investment cycle in the Maldives that affect the efficiency, and its capacity to respond to climate change-related challenges. The mission team makes six priority recommendations in integrating climate change considerations in PFM and PIM practices, prioritized based on the country's capacity, financial resources, and ongoing reform initiatives.

Subject: Budget planning and preparation, Climate change, Climate finance, Environment, Expenditure, Public financial management (PFM), Public Investment Management Assessment (PIMA), Public investment spending

Keywords: Budget planning and preparation, Climate change, Climate finance, Fiscal risks, Public Investment Management Assessment (PIMA), Public investment spending, Public sector

Publication Details

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