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Seychelles: Technical Assistance Report–Public Investment Management Assessment–PIMA and Climate PIMA
Author:
International Monetary Fund. Fiscal Affairs Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2023: Issue 371
Language:
English
Publication Date:
20 Nov 2023
DOI:
https://doi.org/10.5089/9798400259371.002
ISBN:
9798400259371
ISSN:
1934-7685
Pages:
98
Keywords:
Public investment management; climate; fiscal risk; small island states; Seychelles.; investment plan; management framework; efficiency gap; Seychelles budget processes; management institution; climate PIMA; Seychelles government; Climate PIMA; authorities of Seychelles; Budget planning and preparation; Public investment spending; Climate change; Fiscal risks; Global
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This Technical Assistance Report on Seychelles focuses on public investment management assessment (PIMA) and Climate PIMA. Across the PIMA, Seychelles is particularly strong in budget comprehensiveness and in ensuring the availability of funding for projects, but substantial capital budget under-execution reveals gaps in several public investment management institutions. Seychelles budget processes are well formulated; are supported by a medium-term fiscal framework; and budget documentation provides comprehensive coverage and details of the public sector investment program. Many institutions across the PIMA and C-PIMA would improve with changes that address the underlying causes of capital budget under-execution. The PIMA and C-PIMA comes at a timely moment for Seychelles, with a range of reforms underway, including the preparation of the new National Development Strategy, the implementation of a new Public Investment Management Policy with new institutions, and revisions and updates of the legal and regulatory framework.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund