Zambia : Rebuilding a Broken Public Investment Management System

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collection.link.92
https://openknowledge.worldbank.org/handle/10986/2200
collection.name.92
Public Investment Review
dc.contributor.author
Le, Tuan Minh
dc.contributor.author
Raballand, Gael
dc.contributor.author
Palale, Patricia
dc.date.accessioned
2014-12-31T16:08:56Z
dc.date.available
2014-12-31T16:08:56Z
dc.date.issued
2014
dc.date.lastModified
2021-04-23T14:04:00Z
dc.description.abstract
The report follows the diagnostic methodology as outlined in Rajaram et al. The diagnostics is based on interviews, a survey questionnaire with government officials, central statistical office (CSOs), and private sector and desk review of related documents. The paper identifies the weaknesses in processes and institutions that contribute to poor outcomes of public spending. The government has been conducting a number of reforms in this field, such as overarching public financial management and procurement reforms. However, the public investment management (PIM) remains largely inefficient and certain key functions of project evaluation are missing or in rudimentary forms. To succeed, all the pieces of reforms have to be woven into a coherent framework targeting the weakest links in the PIM system. Multiple factors, including the absence of necessary institutions, unclear institutional mandates, weak capacity, lack of vertical and horizontal coordination, and misaligned incentives drive the inefficiency of PIM. This also implies that pure technical solutions do not guarantee success. As a result this paper suggests that strengthening of the challenge function of the ministry of finance in Zambia is critical for better PIM but a gradual, incentive compatible approach is probably necessary in the current context.
en
dc.identifier
http://documents.worldbank.org/curated/en/2014/01/23068591/zambia-rebuilding-broken-public-investment-management-system
dc.identifier.uri
http://hdl.handle.net/10986/21052
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCOUNTANT
dc.subject
ACCOUNTING
dc.subject
ARBITRATION
dc.subject
ASSETS
dc.subject
BIDDING
dc.subject
BONDS
dc.subject
BUDGETING
dc.subject
CHECKS
dc.subject
CORRUPTION
dc.subject
DEBT
dc.subject
DISBURSEMENT
dc.subject
DISBURSEMENTS
dc.subject
EMPLOYMENT
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
HOUSING
dc.subject
IMMUNIZATION
dc.subject
INVENTORY
dc.subject
INVESTMENT MANAGEMENT
dc.subject
LOAN
dc.subject
MANDATE
dc.subject
MANDATES
dc.subject
MORTALITY
dc.subject
NEGOTIATION
dc.subject
NEGOTIATIONS
dc.subject
OUTPUTS
dc.subject
PORTFOLIO
dc.subject
PROCUREMENT
dc.subject
PROCUREMENTS
dc.subject
PUBLIC INVESTMENT
dc.subject
REMEDY
dc.subject
REPAYMENT
dc.subject
SUPPLIERS
dc.subject
TENDERING
dc.subject
TRANCHE
dc.subject
TRANSPARENCY
dc.subject
TREASURY
dc.subject
WAGES
dc.title
Zambia : Rebuilding a Broken Public Investment Management System
en
okr.date.disclosure
2014-12-23
okr.doctype
Economic & Sector Work :: Public Investment Review
okr.docurl
http://documents.worldbank.org/curated/en/2014/01/23068591/zambia-rebuilding-broken-public-investment-management-system
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Governance
okr.globalpractice
Social Protection and Labor
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000442464_20141223114256
okr.identifier.internaldocumentum
23068591
okr.identifier.report
93365
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/12/23/000442464_20141223114256/Rendered/PDF/933650WP0P12000UBLIC000Zambia0Final.pdf
en
okr.region.administrative
Africa
okr.region.country
Zambia
okr.topic
Macroeconomics and Economic Growth :: Investment and Investment Climate
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Social Protections and Labor :: Labor Policies
okr.topic
Finance and Financial Sector Development :: Non Bank Financial Institutions
okr.topic
Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
okr.unit
Governance - GP (GGODR)

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