IMF’s recent engagements on infrastructure governance

Peer learning establishing a Public Investment Management (PIM) unit from Uganda January 2018
Public Investment Management Assessment (PIMA) January 2018
Training and suggestions for developing the full structure of the unit; Support in the development of the PIM Public Financial Management regulations; advice on PIM IT systems February 2019
Practical tools to strengthen appraisal (prescreen) and baseline calculations; incorporating these tools in budget process July 2019
Climate PIMA (C-PIMA) May 2023
Managing Fiscal Risks from PPPs March 2025

 


 

Summary of C-PIMA report

(Published in February 2024)

 

Climate change has already started to impact Kenya's economy, and its potential macroeconomic and fiscal implications are significant. Rising annual mean temperatures and changes in precipitation patterns will likely lead to increased risks and intensities of extreme weather events such as heavy rainfalls, floods, and droughts. The country has already witnessed damages and disruptions to its infrastructure due to droughts and floods, resulting in substantial social and economic costs. Climate events account for a significant proportion of natural disasters in Kenya, and the damage caused by these events underscores the urgency of investing in resilient infrastructure across sectors such as energy, water resources, agriculture, and tourism.

 

⚠ Some users may experience reduced functionality using Internet Explorer. For the optimal experience, use Chrome or another alternative browser.