Public Investment Management Unit

Public Investment Management Unit

Background
Public Investment Management Unit was established at The National Treasury in the year 2018 after diagnostic studies by WB and IMF AFRITAC East 2016, 2017 and 2018 recommended formation of the PIM Unit at The National Treasury
The PIM Guidelines were issued in the year 2020 through a National Treasury Circular no.16/2019 for implementation by all MDAs

Mandate of PIM

  • Formulate, review and coordinate policies, laws and regulations to improve public investment management across government;
  • Building and strengthening PIM capacity in National and County Governments;
  • Designing, developing and maintaining an efficient, effective and reliable Public Investment Management Information System (PIMIS);
  • Developing standards, methodologies, and tools for appraisal of project concept notes, pre-feasibility and feasibility studies;
  • Gate keeping Role: Analyze, review and appraise proposed projects before approval;

Objectives of PIM guidelines

  • To provide standard approach in project cycle management to facilitate the national and county governments and their entities in
    project identification and planning
  • Project Pre-Feasibility and Pre-Appraisal
  • Project Feasibility and Appraisal
  • selection for budgeting,
  • implementation, monitoring, evaluation and reporting,
  • Project Closure, Sustainability and Ex-Post Evaluation
  • To establish and maintain a Public Investment Management Information System to inform decision making in Public Investments;
  • To clarify roles and responsibilities of various institutions in the processes
  • To enhance transparency, accountability, prudent use of public resources, and public participation

Scope of PIM Guidelines
PIM Guidelines shall apply to:

  • National and County Governments and their entities
  • Public Investment projects whether wholly or partially funded through public finances, irrespective of the source
  • Projects considered for implementation through PPP arrangements – consistency with the Public Private Partnership Act, 2013
  • Public Investment Management Information System (PIMIS)
  • PIMIS is a software solution designed to support management of the public investment lifecycle, including submission, review, and approval of project proposals, as well as the execution and monitoring of projects.

PIMIS Mandate

  • Automate the public investment management processes
  • Develop a project pipeline (Bank of Projects) where projects that are shuffle ready for financing are maintained
  • Manage project information on implementation progress of the project
  • Provide for a public interface (System Portal) where the public will be able to access project information and be part of project monitoring

For more information, please download the PIM Guidelines here below

Circular No.16-2019 on PIM Guidelines for National Government Entities

The link below is for-: Commodity-Specific Economic Conversion Factors Database for Kenya

http://kenya.cri-world.com/

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