Mexico: Technical Assistance Report-Public Investment Management Assessment
IMF Staff Country Reports, November 15, 2019
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- Mexico: Technical Assistance Report-Public Investment Management Assessment
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Bibliographic details
- Published: November 15, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513520148.002
Overview
- Publication date: November 15, 2019
- Series: Country Report No. 2019/339
- Issue: 339
- Volume: 2019
- Pages: 81
- DOI: https://doi.org/10.5089/9781513520148.002
- ISBN: 9781513520148
- ISSN: 1934-7685
- Stock No: 1MEXEA2019003
Scope and methodology
- Subject: Public investment management assessment (PIMA)
- Evaluation focus: 15 key institutions assessed for institutional strength and effectiveness across the planning, allocation, and implementation phases of the PIM cycle.
- Outputs: Identification of strengths and weaknesses in the existing PIM framework and an action plan to improve PIM.
Key findings
- Most of Mexico’s institutions scored as "medium strength" in terms of institutional design and effectiveness.
- Areas identified for improvement include fiscal targets, macro-fiscal forecasting quality assurance, fiscal rule design, transparency of economic assumptions, and subnational-federal coordination of public investment.
Specific recommendations and policy actions
- Include a medium-term target for the public sector borrowing requirement.
- Introduce an independent body to review and assess the quality of the macro-fiscal projections.
- Amend the fiscal rule’s escape clause so it is only used in exceptional circumstances.
- Expand the economic assumptions report to include:
- more information on fiscal strategy, and
- analyses of medium-term fiscal parameters.
- Develop mechanisms for coordination of public investment plans at federal and subnational levels to enhance efficiency and synergies of planning and investment prioritization.
Thematic subjects and keywords
- Themes: Budget planning and preparation, Capital spending, Expenditure, Infrastructure, National accounts, Public financial management (PFM), Public investment and public-private partnerships (PPP), Public investment spending.
- Keywords: bid rigging, Budget planning and preparation, Capital spending, capital stock, Competition authorities, CR, fiscal consolidation effort, General government investment, Global, government assets, historical cost, Infrastructure, investment project, ISCR, Public investment and public-private partnerships (PPP), Public investment spending.
International Monetary Fund. Fiscal Affairs Dept. "Mexico: Technical Assistance Report-Public Investment Management Assessment", IMF Staff Country Reports 2019, 339 (2019).
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