IMF | SARTTAC

Target Audience

Mid- to senior-level officials responsible for managing public investment or development expenditure in ministries of finance, planning commissions, large state-owned enterprises, public-private partnerships and subnational governments.

Qualifications

Participants are expected to have a degree in economics or equivalent, experience in project appraisals, medium term budgeting, accounting for public investment spending, procurement of large investment projects and project management.

Course Description

This course, presented by the IMF’s Fiscal Affairs Department, looks at planning large capital spending projects, how to allocate resources to projects which have been properly costed and evaluated, and regular monitoring of investment projects. Data analysis is provided on public investment efficiency scores based on regional, global and emerging market country averages. The assessment tool for 15 dimensions relating to planning, allocation and implementation of public investment projects. The PPP Fiscal Risk Assessment Model (P-FRAM) will enable participants to identify fiscal risks, fiscal impact as well as define mitigation and priority actions related to Public-Private Partnerships (PPPs).

Course Objectives

Upon completion of this course, participants should be able to:

• Understand the PIMA diagnostic tool to improve efficiency of public investment spending.

• Identify weaknesses in their own countries across all 15 dimensions related to the 3 phases of public investment spending.

• Understand the IMF’s tool on PPP’s and see the linkages to PIMAs.

• Use the tool to identify fiscal risks from PPPs in their own countries.

• Benefit from the experience of countries in the region who have undergone a PIMA.