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International Monetary Fund. Fiscal Affairs Dept.
The Climate Module of the Public Investment Management Assessment for Kenya reveals strong performance in climate-aware planning and coordination. However, the analysis identifies challenges incorporating climate sensitivity in the project appraisal, selection, budgeting, and fiscal risk management processes. Implementing targeted modifications in these areas, such as enhancing project appraisal and selection criteria to include climate impacts, improving mechanisms for tracking climate expenditures, and expanding fiscal risk analysis to cover climate-related risks, could strengthen Kenya's public investment management practices and promote greater climate resilience.
International Monetary Fund. Statistics Dept.
International Monetary Fund. Statistics Dept.
The mission assisted the Central Bank of Lesotho in compiling financial soundness indicators (FSIs) using the new methodology of the IMF’s 2019 FSIs Compilation Guide. Specifically, in collaboration with the CBL staff the mission updated the methodologies for compiling FSIs for deposit takers and developed new FSIs for life and non-life insurance corporations for reporting to IMF and dissemination.
International Monetary Fund. Statistics Dept.
A technical assistance (TA) mission on external sector statistics (ESS) was conducted to the Central Statistics Office (CSO) of Saint Lucia as part of the Caribbean Regional Technical Assistance Centre (CARTAC) work program on ESS. The mission focused on improving key source data with the objective to strengthen the compilation of the balance of payments and the international investment position (IIP) statistics. The mission also provided practical advice during its review of the provisional 2021 balance of payments and IIP statistics, which were released in December 2022.
International Monetary Fund. Fiscal Affairs Dept.
This report analyzes current public investment practices in Armenia and identifies key reform areas. Building on the 2018 Public Investment Management Assessment (PIMA), it provides an overview of the Public Investment Management process and challenges to be tackled, including bottlenecks and solutions for the domestically and foreign financed projects. For domestically financed projects, the key recommendations are to ensure consistency of the definition of public investments across laws and regulations, ensure that all new projects use the PIM process by requiring key information for all projects, adopt a gradual approach to implementing the new procedures in the 2023 PIM Decree, and redesign the institutional framework for project monitoring. For foreign financed projects the key recommendations are to pilot projects in close coordination with one or more development partners to identify potential updates to the PIM decree and strengthen the existing monitoring framework.