Republic of Poland: Technical Assistance Report-Public Investment Management Assessment
IMF Staff Country Reports, October 3, 2022
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- Republic of Poland: Technical Assistance Report-Public Investment Management Assessment
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Bibliographic details
- Published: October 3, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400222283.002
Overview
- Public investment is expected to play a significant role in the post-pandemic economic recovery in Poland.
- Poland lags more advanced European economies in the quantity and quality of its infrastructure despite significant progress in the last decade.
- The Government’s recent economic plan—the New Polish Deal—foresees an extensive economic and investment plan, many investments of which will benefit from large support from the European Union funds to scale up green, digital, and resilient investments.
- The Public Investment Management Assessment (PIMA) was conducted to assess strengths and weaknesses of infrastructure governance in Poland and identify potential bottlenecks for making the most of these investments in terms of quality of infrastructure.
Key findings and emphases from the assessment
- Strengths and progress:
- Significant progress in infrastructure over the last decade.
- Substantial planned investments under the New Polish Deal supported by European Union funds.
- Weaknesses and bottlenecks:
- Poland still lags more advanced European economies in both quantity and quality of infrastructure.
- Potential governance and implementation bottlenecks could limit the quality payoff of planned investments.
- Purpose of the PIMA:
- To assess infrastructure governance.
- To identify potential bottlenecks that could impede achieving high-quality infrastructure outcomes from planned investments.
Scope and thematic focus
- Subject areas covered:
- Budget planning and preparation
- Expenditure
- Infrastructure
- Monetary policy
- National accounts
- Public financial management (PFM)
- Public investment spending
- Keywords and thematic tags include:
- authorities of a Poland, Budget planning and preparation, D. investment allocation, Eastern Europe, Europe, Global, IMF's Fiscal Affairs Department, Infrastructure, management institution, public finance, Public investment spending
Content in this bundle
- 1polea2022003