## Philippines: Technical Assistance Report—Public Investment Management Assessment

_IMF Staff Country Reports, May 16, 2019_

## Source details

**Canonical URL:** [Philippines: Technical Assistance Report—Public Investment Management Assessment](https://www.imf.org/en/publications/cr/issues/2019/05/16/philippines-technical-assistance-report-public-investment-management-assessment-46902)

## Other formats

- [Markdown version](/en/publications/cr/issues/2019/05/16/philippines-technical-assistance-report-public-investment-management-assessment-46902/index.md)
- [Structured JSON version](/en/publications/cr/issues/2019/05/16/philippines-technical-assistance-report-public-investment-management-assessment-46902/index.json)
- [Bundle manifest](/en/publications/cr/issues/2019/05/16/philippines-technical-assistance-report-public-investment-management-assessment-46902/bundle-manifest.json)

## Bibliographic details
- Published: May 16, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498315586.002

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### Overview and purpose
- Reviews public investment management practices in the Philippines using the IMF’s Public Investment Management Assessment (PIMA) methodology.
- Provides a broad overview of institutional strengths and weaknesses along the public investment cycle.
- The PIMA findings could guide the upcoming Public Expenditure Review that is likely to be completed with the support of the World Bank.
- Proposes eight priority reform measures to strengthen the public investment management framework in the Philippines.

### Key findings
- Institutional weaknesses exist that need to be addressed to strengthen public investment management.
- Public investment management institutions in the Philippines are generally comparable to emerging market economies, but there is scope to improve performance.
- Standard methodologies for maintenance planning and costing of infrastructure assets exist for certain types of assets; these practices are not yet consistently extended across all sectors.
- Routine maintenance of major infrastructure assets lacks a central monitoring mechanism.

### Policy recommendations and priorities
- Implement the eight priority reform measures proposed in the report to strengthen the public investment management framework (measures described in the report).
- Extend standard methodologies for maintenance planning and costing of infrastructure assets to additional sectors.
- Establish a central monitoring mechanism to ensure routine maintenance of major infrastructure assets.
- Use the PIMA findings to inform and guide the Public Expenditure Review with World Bank support.

### Implications and expected benefits
- Strengthening public investment management would help maximize the return from the infrastructure investment planned in the coming years.
- Improved maintenance planning, costing, and central monitoring would support better preservation and utilization of infrastructure capital.

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## Content in this bundle

- **1phlea2019001**
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  - [1phlea2019001 (PDF)](/-/media/files/publications/cr/2019/1phlea2019001.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2019/05/16/philippines-technical-assistance-report-public-investment-management-assessment-46902_