The Gambia: Technical Assistance Report-Public Investment Management Assessment
IMF Staff Country Reports, August 29, 2019
Source details
- Canonical URL
- The Gambia: Technical Assistance Report-Public Investment Management Assessment
Other formats
Bibliographic details
- Published: August 29, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513512211.002
Summary findings
- The government has highlighted infrastructure development as a key element of National Development Plan, 2018–21.
- The need for increased public investment in the Gambia should be balanced against potential fiscal risks related to future Public–Private Partnerships and State-Owned Enterprise investments.
- Analysis of public investment patterns shows a fragmented picture, in which external financing dominates.
- Measures of the efficiency of infrastructure investments show mixed results and considerable room for improvement.
- The Gambia’s performance across different Public Investment Management Assessment (PIMA) indicators is mixed and does not compare favorably with regional counterparts.
- Many indicators have a PIMA rating of poor.
- Prevailing weaknesses include the presence of many information gaps and non-transparent disclosure policies.
- The mission’s main recommendations focus on five priority areas and are designed to complement reforms that are already being undertaken.
Public investment patterns and risks
- External financing dominates public investment.
- Increased public investment ambitions carry fiscal risks related to:
- future Public–Private Partnerships (PPPs)
- State-Owned Enterprise (SOE) investments
PIMA performance and efficiency of infrastructure investments
- PIMA indicators show mixed performance relative to regional counterparts.
- Several PIMA indicators are rated poor.
- Efficiency measures for infrastructure investments yield mixed results and indicate considerable room for improvement.
- Information gaps and non-transparent disclosure policies are key contributors to weak PIMA outcomes.
Main recommendations and reform orientation
- The mission’s main recommendations are concentrated on five priority areas (not detailed on the page) and aim to complement reforms already under way.
Content in this bundle
- 1gmbea2019002 — Public Investment Management Assessment