斐济共和国：公共投资管理评估——PIMA和气候PIMA

REPUBLIC OF FIJI Public Investment Management Assessment – December2025 Prepared By Majdeline El Rayess, Harilala Onintsoa Raoilisoa, Bryn Welham, Paul Seeds, Willie Du Preez,Rodney Barber Authoring Departments/InstitutionFiscal Affairs Department PARTNERS: Government of Japan (Joint Subaccount Infrastructure Governance Facility). High-Level Summary Technical Assistance ReportFiscal Affairs Department Prepared by Majdeline El Rayess, Harilala Onintsoa Raoilisoa, Bryn Welham, Paul Seeds, Willie DuPreez, Rodney Barber TheHigh-Level Summary of Technical Assistance Reportseries provides high-level summaries of theassistance provided to IMF capacity development recipients, describing the high-level objectives, ABSTRACT: This report presents the findings of the Public Investment Management Assessment (PIMA)and Climate Public Investment Management Assessment (C-PIMA) conducted in Fiji during March 2025.The assessment revealed mixed institutional design and effectiveness scores and identified areas in needof improvement: national and sectoral planning, multi-year budgeting, and maintenance funding. Climate- The contents of this document constitute a high-level summary of technical advice provided by the staff ofthe International Monetary Fund (IMF) to the authorities of a member country or international agency (the"CD recipient") in response to their request for capacity development. Unless the CD recipient specifically International Monetary Fund, IMF PublicationsP.O. Box 92780, Washington, DC 20090, U.S.A.T. +(1) 202.623.7430 • F. +(1) 202.623.7201publications@IMF.org Background At the request of the Ministry of Finance, Strategic Planning, National Development & Statistics (MoF),the International Monetary Fund’s (IMF) Fiscal Affairs Department (FAD), supported by the PacificFinancial Technical Assistance Center (PFTAC), conducted a Public Investment ManagementAssessment (PIMA) and Climate PIMA (C-PIMA) in Fiji in March 2025. This technical assistance was Summary of Findings The Fiji authorities are committed to scale up capital spending to achieve their public investment targetsand objectives as set out in the National Development Plan (NDP) and Public Sector Investment Program(PSIP), while managing fiscal sustainability and addressing the growing risks posed by climate change.To that extent, ongoing reforms in the PIM area are aiming to strengthen the processes in all phases of The PIMA revealed that Fiji’s public investment management institutions exhibit stronger legal andinstitutional design than actual effectiveness in practice. While the 2004 Financial Management Act (FMA)and the 2023 PSIP guidelines provide a modern framework, implementation challenges persist. Keyweaknesses include national and sectoral planning, lack of a comprehensive priority project list with The Climate PIMA assessment highlighted Fiji’s high vulnerability to climate change and naturaldisasters, with significant economic and fiscal risks from increasingly intense cyclones, sea-level rise, andother hazards. Fiji has developed a comprehensive climate policy framework, including the 2021 ClimateChange Act and National Adaptation Plans, and has integrated climate considerations into project Summary of Recommendations The team identifies five priority reform measures to further strengthen the PIM institutions in Fiji, including •Strengthening infrastructure planning and coordination by consolidating a list of priority projects of allrelated infrastructure projects regardless of their source of funding and identifying those priority projects •Strengthening project appraisal by introducing templates for total project cost and compilations of riskmatrix, further strengthening the PSIP guidelines using the results from analysis of the appraisal •Improving multiyear budgeting through better alignment of the medium-term fiscal strategy (MTFS) andthe budget and the development of a comprehensive medium-term budget for capital outlays and •Enhancing maintenance funding by strengthening and standardizing the methodologies for routine •Strengthening implementation of key reforms across cross-cutting areas by introducing a capacitydevelopment strategy, implementing a comprehensive IT system for project portfolio management, and