Guinea: Technical Report-Public Investment Management Assessment
IMF Staff Country Reports, March 21, 2019
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- Guinea: Technical Report-Public Investment Management Assessment
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Bibliographic details
- Published: March 21, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498303880.002
Executive summary and context
- Publication date: March 21, 2019
- Pages: 82
- Series: Country Report No. 2019/082
- Volume: 2019
- Issue: 082
- DOI: https://doi.org/10.5089/9781498303880.002
- ISBN: 9781498303880
- ISSN: 1934-7685
- This Technical Report discusses Guinea’s Public Investment Management Assessment (PIMA).
- The report presents public investment trends and the public investment efficiency gap, details the results of the assessment, and offers recommendations to improve public investment management (PIM) in Guinea.
Key findings
- The institutional PIM framework has more strengths than weaknesses, despite being incomplete.
- PIM effectiveness shows more weaknesses than strengths.
- Guinea recently signed roughly 20 public–private partnership (PPP) contracts through direct negotiation.
- The institutional framework for PPPs is not yet finalized; the recently signed PPPs represent a source of potential financial risk that has not been evaluated.
- If Guinea is to reap the full benefits of its increasing capital spending, the authorities need to focus on correcting PIM weaknesses and improving the efficiency of PIM.
Public–private partnerships (PPP): risks and institutional gaps
- Roughly 20 PPP contracts were signed through direct negotiation.
- The institutional framework for PPPs is unfinished.
- The signed PPPs constitute a potential financial risk that has not been evaluated.
- Recommendations related to PPPs emphasize:
- Ensuring PPPs are adequately addressed in the legal and regulatory framework.
- Promoting public access to information to uphold the principles of competition, efficiency, and transparency.
- Opening unsolicited proposals to competition.
Policy recommendations and priorities
- Correct PIM weaknesses across the public investment cycle to improve effectiveness.
- Improve the efficiency of public investment management to capture the benefits of increasing capital spending.
- Finalize and strengthen the legal and regulatory framework for PPPs.
- Increase public access to information on PPPs and public investment projects.
- Ensure competition and transparency, particularly by opening unsolicited proposals to competition.
Thematic scope and subjects covered
- Budget planning and preparation
- Capital spending
- Expenditure
- Public financial management (PFM)
- Public investment and public-private partnerships (PPP)
- Public investment spending
Keywords (as provided)
- Budget planning and preparation
- Capital spending
- capital stock
- CR
- Guinean authorities
- investment expenditure
- investment project
- ISCR
- project management
- public investment
- Public investment and public-private partnerships (PPP)
- Public investment spending
- Sub-Saharan Africa
International Monetary Fund. "Guinea: Technical Report-Public Investment Management Assessment", IMF Staff Country Reports 2019, 082 (2019), March 21, 2019.
Content in this bundle
- 1ginea2019002