United Kingdom:Technical Assistance Report-Public Investment Management Assessment

Technical Assistance Report-Public Investment Management Assessment

Volume/Issue: Volume 2022 Issue 287

Publication date: September 2022

ISBN: 9798400220005

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Money and Monetary Policy , Public Finance , International - Economics , UK Government investment , UK Pima , UK Project delivery career pathway , government major , E , investment implementation , Infrastructure , Public investment spending , Public expenditure review , Budget planning and preparation , Capital spending , Global

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Summary

This Technical Report discusses the results of the Public Investment Management Assessment (PIMA) of the United Kingdom (UK) undertaken in April 2022. The assessment is timely as the UK plans to increase infrastructure investment in order to boost economic growth, reduce regional disparities and help achieve the climate transition. The PIMA finds that the UK is well positioned to implement the planned ramp-up of public investment given it has robust institutions throughout the public investment cycle. Notwithstanding this, the Report suggests areas for reform that could increase efficiency and unlock greater value from public investment. The application of the Climate-PIMA module is covered in a separate companion report.