Kenya: Technical Assistance Report-Climate Module of the Public Investment Management Assessment

Kenya: Technical Assistance Report-Climate Module of the Public Investment Management Assessment
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Volume/Issue: Volume 2024 Issue 009
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Money and Monetary Policy , International - Economics , Kenya , Climate , C-PIMA , Public investment management , Green PFM , PFM , fiscal risks

Summary

The Climate Module of the Public Investment Management Assessment for Kenya reveals strong performance in climate-aware planning and coordination. However, the analysis identifies challenges incorporating climate sensitivity in the project appraisal, selection, budgeting, and fiscal risk management processes. Implementing targeted modifications in these areas, such as enhancing project appraisal and selection criteria to include climate impacts, improving mechanisms for tracking climate expenditures, and expanding fiscal risk analysis to cover climate-related risks, could strengthen Kenya's public investment management practices and promote greater climate resilience.