IMF helps with public investment management assessment
A training conference on Public Investment Management Assessment (PIMA), which was developed by the International Monetary Fund (IMF), took place in Hanoi on June 26.
Scene at the training conference on Public Investment Management Assessment (PIMA) (Photo: VNA)
Hanoi (VNA) – A trainingconference on Public Investment Management Assessment (PIMA), which wasdeveloped by the International Monetary Fund (IMF), took place in Hanoi on June26.
The Party Central Committee'sEconomic Commission and IMF co-organised the conference, where an IMF expertintroduced the PIMA tool and fielded participants’ questions on the tool andits applications in real-life situations.
According to the IMF, the PIMAevaluates 15 institutions that shape public investment decision-making at thethree key stages – planning sustainable development across the public sector;allocating investment to the right sector and projects; and implementingprojects on time and on budget.
Speaking at the conference, vicechairman of the commission Ngo Van Tuan highlighted the importance of theevent, expecting public personnel using PIMA to work closely with IMF expertsin making assessment and recommendations.
Jonathan Dunn, IMF ResidentRepresentative in Vietnam and Laos, said this is anefficient tool to study public investment.
Ensuring the optimisation ofpublic investment is needed in order to improve fiscal health, he noted.
Dunn said he wants to help theVietnamese Government identify priorities for the upcoming period and looks forfurther cooperation with Vietnam.
The same day, the Party CentralCommittee's Economic Commission convened a meeting of its steering committeefor compiling PIMA reports.-VNA
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Scene at the training conference on Public Investment Management Assessment (PIMA) (Photo: VNA) 
