Pakistan: Technical Assistance Report–Public Investment Management Assessment–PIMA and Climate PIMA
IMF Staff Country Reports, November 17, 2023
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- Pakistan: Technical Assistance Report–Public Investment Management Assessment–PIMA and Climate PIMA
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Bibliographic details
- Published: November 17, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400259784.002
Executive summary and key findings
- The report presents public investment management assessment (PIMA) and Climate PIMA for Pakistan.
- Pakistan scores slightly above average compared to the emerging market economies that have undertaken the PIMA to date.
- Significant gaps remain in key areas that impede the delivery of critical infrastructure services in Pakistan.
- Pakistan has taken important steps to improve public investment management, including:
- Reforms incorporated in the Public Financial Management Act 2019.
- The 2021 Manual for Development Projects.
- With Pakistan’s highly constrained budgetary resources, selecting the right projects for funding becomes even more critical.
- Government has some skilled staff capable of moving reforms forward, though implementation will be difficult.
- While some staff have a good understanding of strong practices, achieving implementation through changed approaches and culture across the public sector requires focused and sustained effort.
- Building knowledge of climate change aspects at all stages of the project cycle is a priority.
Analysis of public investment management strengths and gaps
- Strengths:
- Reforms in legislation and project management guidance (Public Financial Management Act 2019; 2021 Manual for Development Projects).
- Presence of skilled staff with understanding of strong practices.
- Gaps and challenges:
- Significant gaps in key areas that impede delivery of critical infrastructure services.
- Implementation challenges due to institutional culture and the need for sustained effort across the public sector.
- Fiscal constraint increases the importance of project selection and prioritization.
Climate PIMA findings and priorities
- Climate integration:
- The Climate PIMA component highlights the need to build knowledge of climate change aspects at all stages of the project cycle.
- Priority actions:
- Strengthen capacity to assess climate risks and adaptation/mitigation considerations in public investment projects.
- Incorporate climate considerations systematically into project appraisal, selection, and monitoring.
Policy implications and recommended focus areas
- Prioritize project selection given constrained budgetary resources to maximize delivery of critical infrastructure services.
- Sustain focused efforts to change approaches and culture across the public sector for effective implementation of reforms.
- Build staff capacity and institutionalize practices for climate-informed public investment management across the project cycle.
Content in this bundle
- IMF Technical Report — Pakistan PIMA / Climate-PIMA