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Public investment management


Written by Mark Miller, Shakira Mustapha


This public financial management introductory guide to public investment management is written specifically for finance or planning ministries in low-income and capacity-constrained environments that seek to manage their public investments more efficiently and effectively.

Whether or not a country’s portfolio of public investments delivers the anticipated economic and social benefits depends crucially on how well it is managed. The introductory guide begins with a definition of public investment management, and proceeds to outline the common features of public investment management systems in low-income countries in order to highlight the gap between how systems are meant to work on paper and how they often work in practise. This is followed by a concrete and pragmatic set of recommendations for how a ministry of finance or planning can improve public investment management in a low-income or low capacity environment. We conclude by providing an annotated bibliography of key literature on this topic to guide further reading.

This introductory guide is also available in French.

Mark Miller and Shakira Mustapha