High-Level Summary Technical Assistance Reports

India - State of Odisha - Public Investment Management Assessment — PIMA and Climate PIMA

January 8, 2025

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International Monetary Fund. Fiscal Affairs Dept. "India - State of Odisha - Public Investment Management Assessment — PIMA and Climate PIMA", High-Level Summary Technical Assistance Reports 2025, 001 (2025), accessed January 23, 2025, https://doi.org/10.5089/9798400298219.029

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Summary

An IMF team found that the State of Odisha had an overall public investment management (PIM) system that compared well with other emerging market economies, reflecting in particular strong institutions at the execution stage, which have helped the State increase significantly its public investment effort over the last few years. The State also displays some encouraging practices in terms of climate-sensitive PIM. However, several challenges persist and have to do mostly with the first stage (planning, appraisal) and the second stage (maintenance, selection of projects) of the PIM cycle. The team has identified five high-priority recommendations that could improve PIM processes and support the effective implementation of the Government of Odisha’s investment policy and development agenda, including to increase resilience against climate change.

Subject: Climate change, Environment, Expenditure, Public financial management (PFM), Public Investment Management Assessment (PIMA), Public investment spending

Keywords: Climate change, Climate policy, High-priority recommendation, IMF team, India, Odisha, PIM cycle, PIM process, Public investment management, Public Investment Management Assessment (PIMA), Public investment spending, State action plan

Publication Details

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