Public Investment Management-Indian States

Source details

Target audience:
- Mid-senior-level public officials working in the Finance or Planning Departments in charge of the government budget and/or of public investments.
- Other staff from line departments and public enterprises responsible for key public infrastructure who oversee the planning, preparation and implementation of capital projects including public private partnerships (PPP).
Qualifications:
- Participants should be familiar with processes for budgeting and oversight of public investment projects in their states, including:
- Public investment strategic planning
- Project appraisal and selection
- Medium-term and annual budgeting for public investment
- Implementation and oversight of infrastructure projects

Delivery format:
- In-person lectures, group discussions and group exercises.
Analytical framework:
- The course will consider the three phases of the project cycle identified in the IMF's Public Investment Management Assessment (PIMA) framework:
- Planning: emphasis on strategic planning, project appraisal and risk management.
- Resource allocation: exploration of medium-term budget implications of project selection.
- Project implementation: review of investment delivery issues and the importance of project and portfolio management.

Upon completion of the course, participants will be able to:

Understand key issues in the strategic planning of public investment
Understand approaches to project appraisal across infrastructure sectors and anticipate the impact of risk and uncertainty.
Identify the key information on public investments needed to ensure the medium-term sustainability of the government's budget and estimate the medium-term fiscal space available for new projects, and
Plan for project implementation and monitor the financial and physical execution of investment projects.

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