Benin: Technical Assistance Report-Public Investment Management Assessment–PIMA and C-PIMA

Author: International Monetary Fund. Fiscal Affairs Dept.

Volume/Issue: Volume 2023 Issue 367

Publication date: November 2023

ISBN: 9798400260254

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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , Environmental Economics , Public Investment Management , Climate Change , Public financial management , Budget planning and preparation , Budget execution , Expenditure , Infrastructure , public investment spending , , investment project , investment expenditure , draft budget law , government action program , State investment choice , WAEMU budget rule , Public investment spending , West Africa , Global , Sub-Saharan Africa

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Summary

This technical report discusses the results of the Public Investment Management Assessment (PIMA) of Benin, undertaken in March 2023 to update a previous assessment based on an October 2017 mission. The mission found out that public investment in Benin has significantly increased from its 2019 low and should help sustain progress in terms of physical access to infrastructure. The assessment highlighted progress since the late 2017 PIMA with respect to the institutional framework for public investment management, facilitated by the adoption of a comprehensive PIM legal framework. It also identified areas where effectiveness is still lagging, notably in terms of project appraisal and selection, maintenance and for PIMA institutions related to the execution of public investment. The report also includes the results of the climate module of the PIMA evaluation, which reflect that Benin’s long-lasting commitment in the fight against climate change, captured in a 2018 national law against climate change, are starting to feed into some public investment management practices. On the basis of this assessment, the report proposes seven high-priority recommendations that could greatly improve public investment management in the short to medium term.