Malawi: Technical Assistance Report-Public Investment Management Assessment (PIMA)

IMF Staff Country Reports, August 22, 2018

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Canonical URL: Malawi: Technical Assistance Report-Public Investment Management Assessment (PIMA)

This Technical Assistance report assesses the state of public investment management (PIM) in Malawi.
Measured against the overall strength of its PIM institutions, Malawi performs broadly in line with other low-income developing countries and sub-Saharan African countries, but less well than better-performing emerging markets.
Measures of institutional strength evaluate existing laws and regulations and the formal guidelines and instructions issued by the government to implement these laws.
The public investment management assessment diagnostic tool also measures how effectively, in practice, the government implements and enforces these laws and regulations.
On this measure of effectiveness, Malawi performs relatively poorly.
Looking at individual indicators of PIM, Malawi’s performance is mixed.

Institutional strength
- Malawi’s institutional strength as reflected in laws, regulations, and formal guidelines is broadly consistent with other low-income developing countries and sub-Saharan African countries.
- Performance lags relative to better-performing emerging markets.
Implementation effectiveness
- The diagnostic tool’s measure of how effectively laws and regulations are implemented and enforced indicates relatively poor performance for Malawi.
Indicator-level performance
- Individual PIM indicators show mixed outcomes across the diagnostic dimensions.

Subject areas covered:
- Budget planning and preparation
- Expenditure
- Fiscal policy
- Public financial management (PFM)
- Public investment and public-private partnerships (PPP)
- Public investment spending
Keywords include: Africa, annual budget, Budget planning and preparation, budget year, capital investment, capital stock, Caribbean, cash flow, cash management, CR, debt management strategy, East Africa, Europe, fiscal policy, implementing investment, investment activity, investment project, ISCR, Malawi education sector improvement program, Malawi power market structure, Malawi revenue authority, Malawian authorities, PIM effectiveness, private sector investment, Public investment and public-private partnerships (PPP), Public investment spending, Southern Africa, Sub-Saharan Africa, water board