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Kai Kaiser Tuan Minh Le Preparatory Workshop, July 7, 2010

Promoting Public Investment Efficiency Global Lessons and Resources for Strengthening World Bank Support for Client Countries. Kai Kaiser Tuan Minh Le Preparatory Workshop, July 7, 2010. Structure of Presentation. Introduction of work program Brief overview of key policy issues for PIM

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Kai Kaiser Tuan Minh Le Preparatory Workshop, July 7, 2010

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  1. Promoting Public Investment EfficiencyGlobal Lessons and Resources for Strengthening World Bank Support for Client Countries Kai Kaiser Tuan Minh Le Preparatory Workshop, July 7, 2010

  2. Structure of Presentation Introduction of work program Brief overview of key policy issues for PIM Expectations for workshop Country case synthesis: Preliminary findings

  3. Scope of Work Program and Audience • Scope of this work program • Flagship volume “Promoting PIE: International Experience” • Workshops and global conferences, BBLs • Audience • Policy makers in client countries • Country teams and other development partners working on PIM reform agenda

  4. Guidance on Work Program • Guidance on substantive issues • Coverage of volume and scope of chapters • Technical issues versus “politics” of reform • Audience of the book • Guidance on process issues • Quality assurance mechanism • Dissemination strategy • Specific guidance on Hanoi Conference preparation • Participants • Selection of country cases for presentation

  5. PIM Challenges by Country Typology • Aid-dependent countries have neglected PIM functionality • E.g., Uganda, Zambia • Resource dependent countries have seen ebb and flow of resource rents • Middle-Income Countries have sought to respond to financial crisis • Fiscal stimulus and now concerned with quality of investment

  6. Public Investment Policy Choices • How much to spend • Levels (% GDP) • Volatility • Quality of spending • PIM Process Indicators • Public Investment Modalities • “Standard” Public Investment • Donor-financed public investment • Public-Private Partnerships • SOEs/Quasi-Fiscal • Resource for Infrastructure Deals

  7. Scope of Public Investment

  8. The Eight “Must-Have” Core PIM Features 1 2 3 4 5 7 8 6 Guidance Formal Appraisal Project Implement Project Service Project & Project Review Selection ation Delivery Evaluation Changes Screening & Appraisal Budgeting Pre-feasibility Feasibility CE CBA Regulatory requirements Project development Detailed project design - Basic completion review Evaluation

  9. Country Case Synthesis: Overview Over the last two years, a large number of studies of PIM in diverse range of country settings were conducted. The case studies reflect a common focus on assessing how national PIM systems are actually functioning. The studies also take a systemic approach, assessing the whole public investment cycle rather than one or two stages only. Most of the studies are specifically based on applying the framework in Rajaram et al.

  10. Country Case Studies by Classification and Region

  11. Main PIM Challenges by System Typology

  12. Main PIM Challenges by System Typology (Continued)

  13. A Modality for Rating of PIM System Performance

  14. PIM Reforms • Three common challenges: • Public investment likely highly politicized • High corruption risk • PIM as extremely demanding area of public management • It is important therefore to ensure that PIM reforms are: Incentive compatible. • Based on a sound understanding of and tailored to fit individual country trajectories, circumstances and practices • Technically feasible, relying on good enough practice • Carefully designed and sequenced

  15. Proposed Dissemination Strategy

  16. Next Steps Decide on final chapter/background paper selection [e.g. organization, quantitative approaches, e.g. IMF] Review capacity building resources and consultants (on-going) Support country teams in FY 2011 Finalize selection of country chapters Confirm agenda for Hanoi: Thematic Presentations, 6 Selected Country Cases, Counterpart Participants (ASEAN/Beyond) Work with KDI to finalize details of cooperation

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