Supporting MoF to Improve and Institutionalize Public Investment Management Methodology

The project is designed to support the Ministry of Finance of Georgia (MoF) to improve and institutionalize public investment management (PIM) methodology, covering the processes of project screening, pre-selection, project appraisal, project selection, budgeting, project implementation, monitoring and ex-post evaluations.

The main objective of the project is to strengthen the transparency, accountability and effectiveness of the Government of Georgia, including the legislative and executive branches at various levels, by implementing its public investment agenda.

In order to attain its goals, PMCG, as part of a consortium led by Tetra Tech ARD, under the USAID-funded program Good Governance Initiative (GGI) will elaborate a comprehensive report covering an initial draft PIM methodology, PIM guidelines and public private partnerships’ (PPPs) implementation regulations. Moreover, we will support the MoF to strengthen its capacity through training and coaching its pilot project implementers in investment project cycle management in compliance with the new methodology.

More specifically, we will undertake the following activities:

• Supporting the MoF to develop more consistent and user-friendly PIM guidelines, taking into consideration the recommendations of the International Monetary Fund (IMF);
• Supporting the MoF to elaborate PPPs’ implementation regulations;
• Supporting the MoF staff to prepare more comprehensive and credible project proposals, in accordance with the new PIM guidelines;
• Supporting the MoF staff to better utilize project preparation methodologies and techniques (e.g., needs analysis, project costing, cost-benefit analysis, prioritization, risk analysis);
• Supporting the MoF staff to undertake more thorough project appraisals, particularly in the case of large, complex projects where specialist knowledge is needed or where innovative financing methods are proposed.

As a result of this project, the Government of Georgia will be better placed to choose projects that bring the most benefit to the public, to monitor and evaluate their implementation, and to thus use financial resources efficiently and deliver high-quality results.

Follow the links below for related projects:

Good Governance Initiative (GGI)

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