C-PIMA Handbook: Climate-Public Investment Management Assessment

Recognizing the increasing need for climate-responsive infrastructure investment, the IMF introduced the Climate-Public Investment Management Assessment (C-PIMA) in 2021 as an extension of the PIMA framework. The goal of the C-PIMA is to help governments identify potential improvements in public investment institutions and processes to build low-carbon and climate-resilient infrastructure. It has been conducted in more than 50 countries worldwide as of October 2024. The Climate-Public Investment Management Assessment Handbook (C-PIMA Handbook) outlines the importance of green resilient infrastructure investment for sustainable development and provides a detailed description of the C-PIMA framework, including discussions and explanations of all five institutions (and the 15 dimensions within them) with numerous examples from country practices. The handbook is aimed at anyone who is involved in a C-PIMA or has a practical interest in public investment management and climate change. It is intended to be useful to provide practical guidance to country authorities and development practitioners on how country systems are designed to incorporate climate considerations into public investment management and how they can be improved.