IMF Staff Country Reports

This technical assistance report on the Democratic Republic of the Congo (DRC) focuses on Public Investment Management Assessment (PIMA) and climate PIMA. The access and quality of infrastructure resulting from these investments are very poor, with major risks of deterioration. While it is important to increase investment, that will not be enough; it is also necessary to invest better, thanks to enhanced public investment management. 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. Based on the PIMA evaluation, this report puts forward seven high-priority recommendations that could greatly improve public investment management in the DRC in the short to medium term. Finally, other significant efforts to reform public finance management undertaken by the Government will contribute to enhancing public investment management. This relates particularly to the shift to a double budget appropriation system, to the transition to program-based budgeting, and to the strengthening of transparency and competition in public procurement.