Scene at the training conference on Public Investment Management Assessment (PIMA) (Photo: VNA)

Hanoi (VNA) – A training conference on Public Investment Management Assessment (PIMA), which was developed by the International Monetary Fund (IMF), took place in Hanoi on June 26.

The Party Central Committee's Economic Commission and IMF co-organised the conference, where an IMF expert introduced the PIMA tool and fielded participants’ questions on the tool and its applications in real-life situations.

According to the IMF, the PIMA evaluates 15 institutions that shape public investment decision-making at the three key stages – planning sustainable development across the public sector; allocating investment to the right sector and projects; and implementing projects on time and on budget.

Speaking at the conference, vice chairman of the commission Ngo Van Tuan highlighted the importance of the event, expecting public personnel using PIMA to work closely with IMF experts in making assessment and recommendations.

Jonathan Dunn, IMF Resident Representative in Vietnam and Laos, said this is an efficient tool to study public investment.

Ensuring the optimisation of public investment is needed in order to improve fiscal health, he noted.

Dunn said he wants to help the Vietnamese Government identify priorities for the upcoming period and looks for further cooperation with Vietnam.

The same day, the Party Central Committee's Economic Commission convened a meeting of its steering committee for compiling PIMA reports.-VNA