{
  "title": "The Gambia: Technical Assistance Report-Public Investment Management Assessment",
  "publication": "IMF Staff Country Reports, August 29, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/08/29/the-gambia-technical-assistance-report-public-investment-management-assessment-48633",
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  "summary": "This Technical Assistance Report on The Gambia highlights that the government has highlighted infrastructure development as a key element of National Development Plan, 2018–21.",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- The government has highlighted infrastructure development as a key element of National Development Plan, 2018–21.\n- The need for increased public investment in the Gambia should be balanced against potential fiscal risks related to future Public–Private Partnerships and State-Owned Enterprise investments.\n- Analysis of public investment patterns shows a fragmented picture, in which external financing dominates.\n- Measures of the efficiency of infrastructure investments show mixed results and considerable room for improvement.\n- The Gambia’s performance across different Public Investment Management Assessment (PIMA) indicators is mixed and does not compare favorably with regional counterparts.\n- Many indicators have a PIMA rating of poor.\n- Prevailing weaknesses include the presence of many information gaps and non-transparent disclosure policies.\n- The mission’s main recommendations focus on five priority areas and are designed to complement reforms that are already being undertaken."
    },
    {
      "heading": "Public investment patterns and risks",
      "content": "- External financing dominates public investment.\n- Increased public investment ambitions carry fiscal risks related to:\n  - future Public–Private Partnerships (PPPs)\n  - State-Owned Enterprise (SOE) investments"
    },
    {
      "heading": "PIMA performance and efficiency of infrastructure investments",
      "content": "- PIMA indicators show mixed performance relative to regional counterparts.\n- Several PIMA indicators are rated poor.\n- Efficiency measures for infrastructure investments yield mixed results and indicate considerable room for improvement.\n- Information gaps and non-transparent disclosure policies are key contributors to weak PIMA outcomes."
    },
    {
      "heading": "Main recommendations and reform orientation",
      "content": "- The mission’s main recommendations are concentrated on five priority areas (not detailed on the page) and aim to complement reforms already under way.\n\n---\n\n Content in this bundle\n\n- 1gmbea2019002 — Public Investment Management Assessment\n  - 1gmbea2019002 — Public Investment Management Assessment (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1gmbea2019002 — Public Investment Management Assessment (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: August 29, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513512211.002",
    "The government has highlighted infrastructure development as a key element of National Development Plan, 2018–21.",
    "The need for increased public investment in the Gambia should be balanced against potential fiscal risks related to future Public–Private Partnerships and State-Owned Enterprise investments.",
    "Analysis of public investment patterns shows a fragmented picture, in which external financing dominates.",
    "Measures of the efficiency of infrastructure investments show mixed results and considerable room for improvement.",
    "The Gambia’s performance across different Public Investment Management Assessment (PIMA) indicators is mixed and does not compare favorably with regional counterparts.",
    "Many indicators have a PIMA rating of poor.",
    "Prevailing weaknesses include the presence of many information gaps and non-transparent disclosure policies.",
    "The mission’s main recommendations focus on five priority areas and are designed to complement reforms that are already being undertaken.",
    "External financing dominates public investment.",
    "Increased public investment ambitions carry fiscal risks related to:",
    "PIMA indicators show mixed performance relative to regional counterparts.",
    "Several PIMA indicators are rated poor.",
    "Efficiency measures for infrastructure investments yield mixed results and indicate considerable room for improvement.",
    "Information gaps and non-transparent disclosure policies are key contributors to weak PIMA outcomes.",
    "The mission’s main recommendations are concentrated on five priority areas (not detailed on the page) and aim to complement reforms already under way.",
    "**1gmbea2019002 — Public Investment Management Assessment**"
  ],
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