Arab Republic of Egypt: Technical Assistance Report-Public Investment Management Assessment

April 2, 2024

Preview Citation

Format: Chicago

Arab Republic of Egypt: Technical Assistance Report-Public Investment Management Assessment, (USA: International Monetary Fund, 2024) accessed November 23, 2024

Summary

This report assesses the institutional design and effectiveness of public investment management (PIM) in Egypt. The report concludes that effectiveness is stronger than or on par with comparators for national planning and inter-governmental coordination, and weaker than the average comparator country on several other PIM institutions. Improvements in PIM will be important to close efficiency gaps and enhance the productivity of future public investments. Egypt’s Government has already taken several steps to improve the access to infrastructure and quality of public investment management, including through new legislation, new information systems and significant efforts to enhance staff capacities. The report provides five main recommendations for how these reform steps can be strengthened, sustained and further extended: 1) Strengthen project appraisal and selection processes; 2) Enable private sector involvement in public infrastructure provision: 3) Operationalize PFM law provisions for medium-term budgeting; 4) Strengthen asset management and ensure sufficient maintenance; and 5) Strengthen procurement, project and portfolio management.

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

Keywords: Arab Republic of Egypt, Authorities of the Arab Republic of Egypt, Budget planning and preparation, Climate., Efficiency, General government debt, Global, Infrastructure, Investment, Middle East, Ministry of housing, Ministry of petroleum, PIMA, Procurement system, Public investment spending

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Technical Assistance Report No. 2024/028
Stock No:

TAREA2024028
ISBN:

9798400270895
ISSN:

3005-4575

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