IMF Staff Country Reports

Seychelles: Technical Assistance Report–Public Investment Management Assessment–PIMA and Climate PIMA

Publication Date:

November 20, 2023

Electronic Access:

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Summary:

The Public Investment Management Assessment (PIMA) for Seychelles shows a relatively well-designed public investment management system, with well-unified budgeting arrangements and effective funding processes for capital projects. However, the assessment also notes under-execution of capital budgets and identifies important areas for improvement in medium-term budgeting, project planning, and asset management. The Climate Public Investment Management Assessment (C-PIMA) provides a climate perspective on public investment management in Seychelles. This module identifies proactive climate-related public investment coordination but gaps in the incorporation of climate resilience measures within the investment framework. Recommended reforms are geared towards enhancing project appraisal, defining roles in the public investment system, and integrating climate change adaptation into the planning process. These reforms, aligned with Seychelles' National Development Strategy, aim to optimize public investment management and ensure sustainable development in the face of climate-related challenges.

Series:

Country Report No. 2023/371

Subject:

Budget planning and preparation Climate change Environment Expenditure Fiscal risks International organization Monetary policy Public financial management (PFM) Public investment spending

Frequency:

regular