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India - State of Odisha - Public Investment Management Assessment — PIMA and Climate PIMA
Author:
International Monetary Fund. Fiscal Affairs Dept.
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Series:
High-Level Summary Technical Assistance Reports
Volume/Issue:
Volume 2025: Issue 001
Language:
English
Publication Date:
08 Jan 2025
DOI:
https://doi.org/10.5089/9798400298219.029
ISBN:
9798400298219
ISSN:
2959-4103
Pages:
5
Keywords:
Climate change; Climate policy; Public investment management; Public Investment Management Assessment (PIMA); Public investment spending; India; Odisha; IMF team; PIM process; high-priority recommendation; State action plan; PIM cycle
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An IMF team found that the State of Odisha had an overall public investment management (PIM) system that compared well with other emerging market economies, reflecting in particular strong institutions at the execution stage, which have helped the State increase significantly its public investment effort over the last few years. The State also displays some encouraging practices in terms of climate-sensitive PIM. However, several challenges persist and have to do mostly with the first stage (planning, appraisal) and the second stage (maintenance, selection of projects) of the PIM cycle. The team has identified five high-priority recommendations that could improve PIM processes and support the effective implementation of the Government of Odisha’s investment policy and development agenda, including to increase resilience against climate change.
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Cover High-Level Summary Technical Assistance Reports
High-Level Summary Technical Assistance Reports
ISSN:
2957-658X
Publisher:
International Monetary Fund