Specifically, PIMA evaluates 15 institutions involved in the three key stages of the public investment cycle: Planning of sustainable investment across the public sector; Allocation of investment to the right sectors and projects; Implementation of investments projects to deliver productive and durable public assets.
The “Climate-PIMA” (C-PIMA) adds a climate-responsive dimension into the PIMA framework and assesses countries' capacity to manage climate-related infrastructure.
Public Investment Management Assessment (PIMA) is a comprehensive framework to assess infrastructure governance practices for countries at all levels of economic development.
Green and resilient public investment is an important enabler for a sustainable recovery—it creates jobs, spurs economic growth, addresses climate change, and improves the quality of life.
Recognizing the macro-criticality of infrastructure governance, the IMF's Public Investment Management Assessment (PIMA) is a comprehensive framework to assess infrastructure governance for countries at all levels of economic development.
The 2030 Agenda for Sustainable Development was launched by a UN Summit in New York on 25-27 September 2015 and is aimed at ending poverty in all its forms. The UN 2030 Agenda envisages “a world of universal respect for human rights and human dignity, the rule of law, justice, equality and non-discrimination”.
A primary economic justification for green investments is their ability to mitigate financial risks associated with climate change. Traditional industries heavily reliant on fossil fuels or resource-intensive practices face increasing regulatory scrutiny, market volatility, and reputational risks.
The SDGs central to its work are: SDG 1: No Poverty; SDG 2: Zero Hunger; SDG 3 Good Health and Well-Being; SDG 4: Quality Education; SDG 5: Gender Equality; SDG 6: Clean Water and Sanitation; SDG 8: Decent Work and Economic Growth; SDG 10: Reduced Inequalities; SDG17: Partnerships.