Green infrastructure investment is critical for an inclusive, sustainable, and climate-focused recovery. Green and resilient public investment is an important enabler for a sustainable recovery—it creates jobs, spurs economic growth, addresses climate change, and improves the quality of life. It can also stimulate much needed private sector investment. Attaining the Sustainable Development Goals while getting on track to achieve Paris Agreement goals requires significant infrastructure investment. The economic and social outcomes of this investment depend crucially on the efficiency of public investment management, including from the climate change perspective.

The “Climate-PIMA” (C-PIMA) adds a climate-responsive dimension into the PIMA framework and assesses countries’ capacity to manage climate-related infrastructure. The C-PIMA helps governments identify potential improvements in public investment institutions and processes to build low-carbon and climate-resilient infrastructure (see Policy Paper for more information).




C-PIMA Framework

The C-PIMA involves an assessment of the five institutions of public investment management that are key for climate-aware infrastructure: C1. Climate-aware planning. C2. Coordination between entities. C3. Project appraisal and selection. C4. Budgeting and portfolio management. C5. Risk management. Each institution is further analyzed along three dimensions that reflect the institution’s key features.

The C-PIMA also assesses the three cross-cutting issues equally important to managing climate-relevant public investment management institutions: 1. The legal and regulatory framework, 2. Information systems and 3. Government staff capacity.

(Click on the interactive chart to explore)


Climate-Aware Planning
Coordination between Entities
Project Appraisal and Selection
Budgeting and Portfolio Management
Risk Management
    Cross-Cutting Institutions
Legal Framework, IT System, Staff Capacity


C-PIMA Scoring

Each institution is assessed on institutional strength (the organization, policies, rules and procedures on paper). The C-PIMA can include discussion of the effectiveness of these institutions where there is adequate information, but there is no explicit scoring of effectiveness at this stage (see C-PIMA questionnaire).

Three possible scores— 1: not met, 2: partially met, 3: fully met—are assigned to each dimension, and the average of the three dimensions within an institution produces a score for that institution. C-PIMA country scores are summarized in a chart. In the chart, the further away from the center, the higher the C-PIMA scores.


Benefits of C-PIMA

Assess institutional readiness and gaps in PIM against the backdrop of climate change challenges.

Support the development and strengthening of framework for addressing climate-related risks in infrastructure investment and facilitate access to climate finance.

Identify reform actions and explore capacity development support from the IMF and other organizations.

Peer exchange.
Learn from—and share experiences with—other countries that face similar issues and challenges.


Explore our C-PIMAs

The findings and recommendations of a C-PIMA are summarized in a concise report. The report presents detailed C-PIMA assessment across the five institutions and fifteen dimensions of the framework and formulates a set of recommendations in the form of a roadmap of reform priorities.

Note: Country borders or names do not necessarily reflect the IMF’s official position.

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The development of the C-PIMA framework has benefitted from the financial support of the European Union.