Democratic Republic of the Congo: Technical Assistance Report on Public Investment Management Assessment - PIMA and Climate PIMA

IMF Staff Country Reports, January 30, 2023

Source details

Canonical URL: Democratic Republic of the Congo: Technical Assistance Report on Public Investment Management Assessment - PIMA and Climate PIMA

Publication date: January 30, 2023
Focus: Public Investment Management Assessment (PIMA) and climate PIMA for the Democratic Republic of the Congo (DRC)
Core message: While increasing investment is important, the DRC must also "invest better" through enhanced public investment management to improve the access and quality of infrastructure and to mitigate major risks of deterioration.

Access to and quality of infrastructure resulting from public investment are very poor, with major risks of deterioration.
Public investment management in the DRC suffers from weaknesses across the whole project cycle, both on paper and in practice.
Strengthening budget credibility is a key condition for the success of public investment management reforms in the DRC.
Other significant public finance management reform efforts by the Government will contribute to better public investment management, notably:
- the shift to a double budget appropriation system,
- the transition to program-based budgeting,
- the strengthening of transparency and competition in public procurement.

Based on the PIMA evaluation, the report puts forward seven high-priority recommendations that could greatly improve public investment management in the DRC in the short to medium term.
Emphasis on sequencing reforms so that improvements in budget credibility support effective implementation of public investment management measures.
Leverage ongoing public finance management reforms (double appropriation system, program-based budgeting, procurement transparency) to reinforce PIMA-related changes.

Subject areas covered: Budget planning and preparation, Climate change, Environment, Expenditure, Monetary policy, Public financial management (PFM), Public investment spending.
Geographic/sectoral tags in the report: Africa; Southern Africa; Sub-Saharan Africa; Global; trends in the DRC.
Keywords include: B. Pima climate change module assessment framework; Budget planning and preparation; Capital spending; Fiscal Policy; Infrastructure; International Organization; National accounts; Public investment spending; management institution; management practice; programming conference; investment Plan; Climate change.