Strengthening public investment management: Reviewing the role of external actors
- Mark Miller and Tom Hart
- Sep 2017
- Overseas Development Institute (ODI)
- International
As international organisations look to standardise approaches to measuring public investment management (PIM), this report provides a timely stocktake of the evolution of ideas in this field and explores how international engagement around PIM could be improved upon in future. The report is structured as follows -
- Section 1 Introduction
- Section 2 looks at the origins of the international community’s current interest in PIM and demonstrates the shift in thinking around public investment over recent decades.
- Section 3 looks in detail at the two diagnostic frameworks that have been most widely used in developing countries, the World Bank’s Unified Framework for Public Investment Management and the IMF’s PIMA (Public Investment Management Assessment), setting out their evolution, differences in approach and weaknesses.
- Section 4 looks ahead with suggestions on how to maximise the impact of this growing interest in PIM.
