Handbook

Public Investment Management Reference Guide

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collection.link.314
https://openknowledge.worldbank.org/handle/10986/29863
collection.name.314
International Development in Practice
dc.contributor.author
Kim, Jay-Hyung
dc.contributor.author
Fallov, Jonas Arp
dc.contributor.author
Groom, Simon
dc.date.accessioned
2020-02-25T16:22:20Z
dc.date.available
2020-02-25T16:22:20Z
dc.date.issued
2020-02-26
dc.date.lastModified
2021-04-23T14:05:19Z
dc.description.abstract
The Public Investment Management (PIM) Reference Guide aims to convey country experiences and good international practices as a basis for decisions on how to address country-specific PIM reform agendas. The country references are drawn largely from previous diagnostics and technical assistance reports of the World Bank. The application of country diagnostics and assessments has revealed a need to address the following issues when undertaking a country reform in PIM: • Clarification of the definition and scope of public investment and public investment management • Establishment of a sound legal, regulatory and institutional setting for PIM, making sure it is linked to the budget process • Allocation of roles and responsibilities for key players in PIM across government • Strengthening project pre-appraisal, appraisal, and selection/prioritization procedural guidance, and deepening project appraisal methodologies • Integration of strategic planning, project appraisal/selection, and capital budgeting • Management of multiyear capital budget allocations and commitments • Ensuring effective implementation, procurement, and monitoring of projects • Strengthening of asset management and ex post evaluation • Integration of PIM and public-private partnership (PPP) in a unified framework • Rationalization and prioritization of the existing PIM project portfolio • Development of a PIM database and IT in the form of a PIMIS (PIM Information System). The PIM Reference Guide does not seek to provide definitive answers or standard guidance for the common PIM issues facing countries. Nor does it seek to provide a detailed template for replication across countries: this would be impossible given the diversity of country situations. Instead, each chapter of the guide begins with an overview of a specific reform issue, lists approaches and experiences from various countries, and summarizes the references and good practices to be considered in designing country-specific reform actions.
en
dc.identifier
http://documents.worldbank.org/curated/en/548751582775237521/Public-Investment-Management-Reference-Guide
dc.identifier.isbn
978-1-4648-1529-4
dc.identifier.uri
http://hdl.handle.net/10986/33368
dc.language
English
dc.publisher
Washington, DC: World Bank
dc.relation.ispartofseries
International Development in Practice;
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
PUBLIC INVESTMENT
dc.subject
PROJECT MANAGEMENT
dc.subject
PROJECT EVALUATION
dc.subject
PUBLIC PRIVATE PARTNERSHIP
dc.subject
CAPITAL EXPENDITURE
dc.subject
PROJECT MONITORING
dc.subject
PROJECT APPRAISAL
dc.subject
CAPITAL BUDGET
dc.subject
PRIVATE INVESTMENT
dc.subject
PUBLIC INVESTMENT MANAGEMENT
dc.subject
PIM
dc.title
Public Investment Management Reference Guide
en
dc.type
Handbook
en
okr.crossref.title
Public Investment Management Reference Guide
okr.date.disclosure
2020-02-26
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-1529-4
okr.identifier.internaldocumentum
211529
okr.identifier.report
146517
okr.imported
true
en
okr.language.supported
en
okr.topic
Governance :: Governance and the Financial Sector
okr.topic
Governance :: National Governance
okr.topic
Infrastructure Economics and Finance :: Infrastructure Regulation
okr.topic
Infrastructure Economics and Finance :: Private Participation in Infrastructure
okr.topic
Public Sector Development :: Public Investment Management
okr.unit
EECG1

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