On Wednesday 11 November 2026, Luxembourg’s Ministry of State announced that at the request of the government, the International Monetary Fund (IMF) will conduct a Public Investment Management Assessment (PIMA) mission from Wednesday 11 to Tuesday 24 November 2026.
The Ministry of State said that bringing together all relevant ministries, the mission aims to support the continuous improvement of this framework and strengthen the contribution of public investment to the country's sustainable development. The climate dimension of public investment will also be examined. The assessment's findings are expected to be published during 2027.
An International Framework for Sustainable Public Investment
The PIMA is an IMF assessment framework designed to analyse the governance and management of public investment. It examines the three main stages of the public investment cycle: planning, the allocation of resources between sectors and projects, and implementation.
The assessment helps identify the system's strengths and areas for improvement and formulate recommendations accompanied by an action plan tailored to the country's specific circumstances. The assessment will be complemented by the Climate-PIMA (C-PIMA) module, with the aim of strengthening the climate resilience of public investment.
A Forward-Looking Approach Addressing Luxembourg's Needs
According to the Ministry of State, the decision to undertake a PIMA reflects an approach based on learning, continuous improvement and openness to international experience. It provides an opportunity to assess national investment management practices against internationally recognised standards and to further strengthen the quality, consistency and sustainability of public investment. This process will also help optimise the use of public resources while ensuring responsible budgetary management.
In view of the country's demographic changes, the increasingly diverse needs of its population and the scale of public investment required, the government has decided to undertake this benchmarking exercise to further improve public investment management.
The objective is to ensure that today's investments, particularly in transport, education, housing, healthcare and public infrastructure, meet the needs of Luxembourg in the years ahead.
A Cross-Ministerial Initiative Led by the Government
The mission involves Luxembourg’s Ministry of State, the Ministry of Finance, the Ministry of Mobility and Public Works, the Ministry of Home Affairs, the Ministry of the Economy, the Ministry of Education, Children and Youth, the Ministry of the Environment, Climate and Biodiversity, the Ministry of Housing and Spatial Planning, and the Ministry of Health and Social Security.
Further information is available on the IMF website: IMF – What is PIMA?
