Pakistan to improve public investment management and integrate climate change into development projects

In addition to the action plan recommended by the International Monetary Fund (IMF), the Caretaker Minister of Planning, Development and Special Initiatives, Mohammed Sami Said, was briefed on the Public Investment Management Assessment (PIMA) and Climate-PIMA.

The briefing took place at a meeting chaired by the Planning Minister and attended by the Secretary to the Ministry of Planning, the Commissioner for Climate Change and Food Security, the Chief Growth and Employment Commissioner of the Planning Commission, the Joint Chief Economist (Ops), the Joint Chief Economist for Macroeconomics. Planning Commission and other relevant stakeholders.

Pakistan to improve public investment management and integrate climate change into development projects

During the meeting, the Head of Growth and Employment highlighted various aspects of PIMA and Climate-PIMA and its action plan.

The action plan emphasizes the importance of a climate-responsive public investment framework that integrates climate considerations into the planning and implementation of all development projects.

This approach is in line with the National Adaptation Plan (NAP) and Nationally Determined Contribution (NDC) and demonstrates Pakistan's commitment to climate-smart policies and practices.

The planning minister asked stakeholders to improve the effectiveness of public investments through improved processes and financing mechanisms. He said that the entire project cycle needs to be aligned with the challenges emerging in the economy. He also emphasized the need to promote economic growth by investing in the right areas.

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