Sierra Leone: Technical Assistance Report-Climate Module of the Public Investment Management Assessment
Technical Assistance Reports, August 2, 2024
Source details
- Canonical URL
- Sierra Leone: Technical Assistance Report-Climate Module of the Public Investment Management Assessment
Other formats
Bibliographic details
- Published: August 2, 2024
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798400281624.019
Overview
- The assistance assessed Sierra Leone's public investment management through the Climate Module of the Public Investment Management Assessment (C-PIMA).
- Sierra Leone faces significant climate-related challenges, including rising temperatures, unpredictable precipitation patterns, and increased risks of extreme weather events, which threaten its infrastructure and coastal communities.
- Sierra Leone was found to perform moderately well in some areas of the C-PIMA, but there were key gaps in other areas, often linked to weaknesses in the underlying public investment management framework.
- The assistance found that addressing these persisting core public investment management challenges is a prerequisite for effective climate-sensitive public investment management.
Key findings
- Climate risks identified:
- Rising temperatures.
- Unpredictable precipitation patterns.
- Increased risks of extreme weather events.
- Threats to infrastructure and coastal communities.
- C-PIMA performance summary:
- Moderate performance in some C-PIMA areas.
- Key gaps in other C-PIMA areas.
- Gaps often linked to weaknesses in the underlying public investment management framework.
- Conditional conclusion:
- Effective climate-sensitive public investment management depends on addressing core public investment management challenges.
Policy implications and recommendations
- Prioritize remediation of core public investment management weaknesses before or alongside climate-specific reforms.
- Integrate climate sensitivity into public investment management only after strengthening underlying PIM framework elements that were identified as weak.
- Focus public investment reforms to reduce vulnerability of infrastructure and coastal communities to:
- Rising temperatures.
- Unpredictable precipitation patterns.
- Extreme weather events.
Subjects and keywords
- Subjects: Budget planning and preparation; Climate change; Environment; Expenditure; Public financial management (PFM); Public investment spending.
- Keywords: B. climate change objective; Budget planning and preparation; C-PIMA; climate change; climate Public Investment Management; FAD expert; FAD mission; Global; Green PFM.; IMF Fiscal Affairs Department; IMF resident representative; Public investment management; Public investment spending; Sierra Leone; Sub-Saharan Africa.
Content in this bundle
- tarea2024062-print-pdf