The Gambia: Technical Assistance Report-Public Investment Management Assessment Update with the Climate Module
The Gambia: Technical Assistance Report-Public Investment Management Assessment Update with the Climate Module
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Volume/Issue:
Volume 2025
Issue 023
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Public Finance , Environmental Economics , The Gambia , investment , PIM , PIMA , Climate , Climate Module , C-PIMA , , management institution , procurement authority , IMF climate policy diagnostic , capital cash outlay , D , investment allocation , climate PIMA , Public investment spending , Climate change , Budget planning and preparation , Infrastructure , West Africa , Sub-Saharan Africa , Global
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Summary
The IMF’s Fiscal Affairs Department (FAD) conducted a Public Investment Management Assessment (PIMA) and Climate Module (C-PIMA) for The Gambia to assess public investment management (PIM) and its climate sensitivity. The assessment found improvements since the 2019 PIMA, including the 2020 Cabinet Memorandum for strategic project reviews, the 2023 SOE Act for centralized oversight, and enhanced procurement regulations. However, despite these institutional improvements, effectiveness has yet to catch up and, in some cases, has weakened. Climate resilience is also insufficiently addressed, with weak integration of climate risks into project planning and outdated regulatory frameworks. Key recommendations include establishing a public investment management information system, strengthening PIM oversight within the Ministry of Finance, formalizing project selection pipelines, and embedding climate-related criteria in investment decisions.
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