The Gambia: Technical Assistance Report-Public Investment Management Assessment Update with the Climate Module
Technical Assistance Reports, March 7, 2025
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- The Gambia: Technical Assistance Report-Public Investment Management Assessment Update with the Climate Module
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Bibliographic details
- Published: March 7, 2025
- Series: Technical Assistance Reports
- DOI: https://doi.org/10.5089/9798229002806.019
Assessment overview
- The IMF’s Fiscal Affairs Department (FAD) conducted a Public Investment Management Assessment (PIMA) and Climate Module (C-PIMA) for The Gambia to assess public investment management (PIM) and its climate sensitivity.
- Publication date: March 7, 2025.
- Report length: 106 pages.
Key findings on public investment management (PIM)
- Institutional improvements since the 2019 PIMA:
- 2020 Cabinet Memorandum for strategic project reviews.
- 2023 SOE Act for centralized oversight.
- Enhanced procurement regulations.
- Effectiveness gap:
- Despite institutional improvements, effectiveness has yet to catch up and, in some cases, has weakened.
- Weaknesses in project lifecycle and oversight:
- Shortcomings remain in the integration, coordination, and enforcement of PIM practices across institutions.
Climate module (C-PIMA) findings
- Climate resilience is insufficiently addressed.
- Weak integration of climate risks into project planning.
- Regulatory frameworks relevant to climate sensitivity are outdated.
Key recommendations
- Establish a public investment management information system.
- Strengthen PIM oversight within the Ministry of Finance.
- Formalize project selection pipelines.
- Embed climate-related criteria in investment decisions.
Subject areas and keywords
- Subject areas: Budget planning and preparation, Climate change, Environment, Expenditure, Infrastructure, National accounts, Public financial management (PFM), Public investment spending.
- Keywords: Budget planning and preparation, C-PIMA., capital cash outlay, Climate, Climate change, Climate Module, climate PIMA, D. investment allocation, Global, IMF climate policy diagnostic, Infrastructure, investment, management institution, PIM, PIMA, procurement authority, Public investment spending, Sub-Saharan Africa, The Gambia, West Africa.
Source: The Gambia: Technical Assistance Report-Public Investment Management Assessment Update with the Climate Module (March 7, 2025).
Content in this bundle
- tarea2025023-print-pdf