Pakistan: Technical Assistance Report – Public Investment Management Assessment – PIMA and Climate PIMA

Organisation:
International Monetary Fund (IMF)

With Pakistan’s rapid population growth and large diverse country, it is imperative that public infrastructure effectively supports economic growth and service delivery. Ensuring public infrastructure is climate resilient is also critical given Pakistan’s exposure to climate risks.

This report finds scope to strengthen Pakistan’s institutions for public investment management by applying the Public Investment Management Assessment (PIMA) framework. It finds that while Pakistan scores slightly above average compared to the emerging market economies that have undertaken the PIMA to date, there are still significant gaps in key areas the impede the delivery of critical infrastructure services in the country.

As one of the countries most exposed to climate change, Pakistan is ahead of many of its peers in understanding the importance of sustainable and resilient public infrastructure, with a strong framework for climate action across the country. Still, there is room to accelerate progress on climate-sensitive public investment management, which can be expected to improve Pakistan’s ability to attract climate finance.

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