Technical Assistance Reports

The Gambia: Technical Assistance Report-Public Investment Management Assessment Update with the Climate Module

March 7, 2025

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Format: Chicago

International Monetary Fund. Fiscal Affairs Dept. "The Gambia: Technical Assistance Report-Public Investment Management Assessment Update with the Climate Module", Technical Assistance Reports 2025, 023 (2025), accessed April 27, 2025, https://0-doi-org.library.svsu.edu/10.5089/9798229002806.019

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Summary

The IMF’s Fiscal Affairs Department (FAD) conducted a Public Investment Management Assessment (PIMA) and Climate Module (C-PIMA) for The Gambia to assess public investment management (PIM) and its climate sensitivity. The assessment found improvements since the 2019 PIMA, including the 2020 Cabinet Memorandum for strategic project reviews, the 2023 SOE Act for centralized oversight, and enhanced procurement regulations. However, despite these institutional improvements, effectiveness has yet to catch up and, in some cases, has weakened. Climate resilience is also insufficiently addressed, with weak integration of climate risks into project planning and outdated regulatory frameworks. Key recommendations include establishing a public investment management information system, strengthening PIM oversight within the Ministry of Finance, formalizing project selection pipelines, and embedding climate-related criteria in investment decisions.

Subject: Budget planning and preparation, Climate change, Environment, Expenditure, Infrastructure, National accounts, Public financial management (PFM), Public investment spending

Keywords: Budget planning and preparation, Capital cash outlay, Climate, Climate change, Climate Module, Climate PIMA, C-PIMA., D. investment allocation, Global, IMF climate policy diagnostic, Infrastructure, Investment, Management institution, PIM, PIMA, Procurement authority, Public investment spending, Sub-Saharan Africa, The Gambia, West Africa

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