BISHKEK, Kyrgyzstan, March 4. Minister of
Finance of Kyrgyzstan Almaz Baketaev met with a delegation from the
International Monetary Fund (IMF), which showcased initial findings
from an evaluation of Kyrgyzstan’s public investment management
system employing the PIMA methodology, Trend reports via the Kyrgyz Ministry of
Finance.
The PIMA methodology is designed to evaluate the effectiveness
of public investment management, including strategic planning,
project preparation, and implementation.
During the meeting, experts noted that Kyrgyzstan is
demonstrating positive trends in domestic investment, creating
potential for further economic development.
At the same time, they emphasized the need for continued
improvements in investment planning and management processes to
strengthen these trends.
The minister concurred with the experts’ recommendations,
emphasizing that the government is diligently pursuing financing
for significant infrastructure initiatives and setting up a project
management office to improve implementation efficacy.
The parties agreed to continue their cooperation and accelerate
the implementation of necessary reforms in public investment
management.
Meanwhile, Kyrgyzstan has been working to strengthen its public
investment management framework as part of broader efforts to
support economic development and infrastructure growth.
The government aims to improve the planning, preparation, and
execution of public investment projects to enhance efficiency and
maximize the impact of state resources.
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