Review of Public Investment Management Performance (PIMP) in an Economic Crisis

This report reviews how various countries are seeking to boost public investment management performance (PIMP) in response to the current economic downturn. Public investment, for the purposes of this review, includes investment by the general gove...

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Bibliographic Details
Main Authors:	Ferris, Tom, Thomas, Theo
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY ADMINISTRATIVE CAPACITY ADVANCED ECONOMIES AFFORDABILITY APPROVAL PROCEDURES ASSET VALUES ASSURANCE AUCTIONS BANK LENDING BIASES BID BIDS BORROWING BORROWING COSTS BORROWINGS BUDGET CONSTRAINTS BUDGETARY FRAMEWORK BUDGETING BUSINESS PLANS CAPACITY BUILDING CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL PROJECTS CAPITAL STOCK CENTRAL BANKS CHECKS COMMODITY PRICES CONSOLIDATION CREDIT CRUNCH DEBIT CARDS DEBT DEBTS DEFICITS DEVELOPING COUNTRIES DISCOUNT RATE ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC DIFFICULTIES ECONOMIC GROWTH EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET COUNTRIES EMPLOYEE ENFORCEMENT POWERS ENVIRONMENTAL PROTECTION EXPENDITURES EXPORT EARNINGS EXTERNALITIES FAMILIES FEDERAL INVESTMENT FINANCE MINISTRIES FINANCIAL ASSISTANCE FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL REGULATION FINANCIAL RESOURCES FINANCIAL RISK FINANCIAL SAFETY FINANCIAL SAFETY NETS FINANCIAL SYSTEM FINANCING COSTS FINANCING REQUIREMENTS FISCAL DEFICIT FISCAL POLICY FISCAL RESOURCES FOREIGN INVESTMENT FRAUD GLOBAL ECONOMY GLOBAL TRADE GOVERNMENT DEBT GOVERNMENT DEFICIT GOVERNMENT EXPENDITURE GOVERNMENT INVESTMENT GOVERNMENT POLICY GOVERNMENT SPENDING GRANT PROGRAMS HEALTH SERVICES HOUSEHOLDS HOUSING HOUSING MARKETS HUMAN CAPITAL HUMAN RESOURCE HUMAN RESOURCES INCOME INCOME GROUPS INFORMATION SYSTEMS INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INTEREST RATE INTEREST RATES INTERNATIONAL FINANCIAL INSTITUTIONS INVESTING INVESTMENT DECISIONS INVESTMENT ENVIRONMENT INVESTMENT GUIDELINES INVESTMENT INCENTIVES INVESTMENT MANAGEMENT INVESTMENT OPPORTUNITIES INVESTMENT PLANNING INVESTMENT PLANS INVESTMENT PORTFOLIO INVESTMENT PRIORITIES INVESTMENT PROCESS INVESTMENT PROCESSES INVESTMENT PROGRAM INVESTMENT PROJECTS INVESTMENT PROPOSALS INVESTMENT REQUIREMENTS INVESTMENT SPENDING JOB CREATION LEGISLATION LIQUIDITY LOAN LOCAL ECONOMIES LOCAL GOVERNMENT LOCAL GOVERNMENTS MANAGEMENT INFORMATION SYSTEMS MARKET CONDITIONS MARKET FAILURES MONETARY FUND MONETARY POLICY PEER REVIEW PENALTIES PENSION PENSION FUNDS POLICY RESPONSE POSITIVE COEFFICIENTS PRIVATE INVESTMENT PRIVATE PENSION PRIVATE PENSION FUNDS PRODUCTIVE CAPITAL PUBLIC AGENCIES PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR DEFICITS PUBLIC SPENDING PUBLIC TRANSPORT PUBLIC-PRIVATE PARTNERSHIP RATE OF INVESTMENT RECEIPT RECESSION RECESSIONS RED TAPE REINVESTMENT RETURN RISK MANAGEMENT SAFETY NETS SAVINGS START-UP STATEMENT STATEMENTS SUBSCRIPTIONS TAX TAX CREDIT TAX CREDITS TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRANSACTION TRANSITION ECONOMY TRANSPARENCY TRANSPORT TREASURY TRUST FUND UNEMPLOYMENT UNION VULNERABLE GROUP VULNERABLE GROUPS WAGES
Online Access:	http://documents.worldbank.org/curated/en/2009/08/11936794/review-public-investment-management-performance-pimp-economic-crisis http://hdl.handle.net/10986/10532

Description
Summary:	This report reviews how various countries are seeking to boost public investment management performance (PIMP) in response to the current economic downturn. Public investment, for the purposes of this review, includes investment by the general government plus investment by government-owned corporations. The report was commissioned for the Public Sector Performance Global Expert Team (PSP GET) at the World Bank. The report focuses on the potential roles for public investment management in the current downturn, including: i) scaling-up investment spending i.e. simply doing more; ii) selecting investments that are likely to be most effective in terms of stimulating the economy or protecting particular social/vulnerable groups; iii) helping to accelerate investments by reducing the time between conception to implementation; and iv) other improvements in the general quality of investment spending, i.e. reducing waste or enhancing efficiency and effectiveness.

Review of Public Investment Management Performance (PIMP) in an Economic Crisis

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