Reforms to financial management systems and processes of governments are becoming critical for greater transparency and accountability in the management of public finances. In response to the challenges of these reforms, governments are turning to performance-based budgeting to allocate public funds to programs which yield the best possible value-for-money and return-on-investment.
Public Investment Management (PIM) is a solution designed by SIL to support, manage and which aims to streamline the preparation, appraisal, approval and management of government projects. The PIM system ensures the government receives value for money, and over time, sustained economic growth and development from each project that is implemented. PIM helps to promote growth and development and encourage capital formation for future investment, to maximize efficiency of public investment through better project selection and management of investment expenditure as well as to improve the quality of social and economic infrastructure in the country.