Zambia : Rebuilding a Broken Public Investment Management System
The report follows the diagnostic methodology as outlined in Rajaram et al. The diagnostics is based on interviews, a survey questionnaire with government officials, central statistical office (CSOs), and private sector and desk review of related d...
| Main Authors: | , , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/01/23068591/zambia-rebuilding-broken-public-investment-management-system http://hdl.handle.net/10986/21052 |
| Summary: | The report follows the diagnostic
methodology as outlined in Rajaram et al. The diagnostics is
based on interviews, a survey questionnaire with government
officials, central statistical office (CSOs), and private
sector and desk review of related documents. The paper
identifies the weaknesses in processes and institutions that
contribute to poor outcomes of public spending. The
government has been conducting a number of reforms in this
field, such as overarching public financial management and
procurement reforms. However, the public investment
management (PIM) remains largely inefficient and certain key
functions of project evaluation are missing or in
rudimentary forms. To succeed, all the pieces of reforms
have to be woven into a coherent framework targeting the
weakest links in the PIM system. Multiple factors, including
the absence of necessary institutions, unclear institutional
mandates, weak capacity, lack of vertical and horizontal
coordination, and misaligned incentives drive the
inefficiency of PIM. This also implies that pure technical
solutions do not guarantee success. As a result this paper
suggests that strengthening of the challenge function of the
ministry of finance in Zambia is critical for better PIM but
a gradual, incentive compatible approach is probably
necessary in the current context. |
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