## Guinea: Technical Report-Public Investment Management Assessment

_IMF Staff Country Reports, March 21, 2019_

## Source details

**Canonical URL:** [Guinea: Technical Report-Public Investment Management Assessment](https://www.imf.org/en/publications/cr/issues/2019/03/21/guinea-technical-assistance-report-public-investment-management-assessment-46690)

## Other formats

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## Bibliographic details
- Published: March 21, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498303880.002

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### 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.*

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_Source: https://www.imf.org/en/publications/cr/issues/2019/03/21/guinea-technical-assistance-report-public-investment-management-assessment-46690_