Industry & Business

Ireland Has Relatively Strong Infrastructure With Some Sectoral Weaknesses

 Breaking News
  • Skillnet Ireland Launches New Network For Small Firms Sector Skillnet Ireland, the national agency responsible for the promotion and facilitation of workforce learning in Ireland, has launched six new networks to address the growing skills needs in the film, television, retail, health and fitness sectors. The six new networks are SFA Skillnet, Screen Skillnet, Leisure, Health & Fitness Skillnet, Fingal Dublin Chamber Skillnet, Dundalk Chamber Skillnet and CSNA Skillnet.  SFA [...]...
  • Circular Economy Leaders, Olleco, Awarded Royal Warrant ABP Food Group’s Renewables Division, Olleco, the UK’s leading supplier of cooking oils and collector of used cooking oils, has become the first dedicated circular economy company to be granted a Royal Warrant by Her Majesty The Queen. The Warrant recognises the company’s work to create a “closed loop” solution for the Royal Household. Olleco supplies [...]...
  • OpenSky to Create 80 Jobs After €2.5 Million Investment in Expansion OpenSky, Ireland’s only GovTech transformation specialist which provides process automated solutions to public sector bodies, has announced that it has invested €2.5 million in its own expansion and will create 80 jobs over the next two years. The company’s employee numbers are set to reach 160 by the end of 2021. New roles will include [...]...
  • Irish-UK Trade Relations to the Fore of Manufacturing Solutions Ireland 2019 Irish-UK trade relations are to the fore of this year’s Manufacturing Solutions Ireland event, as the manufacturing supply chain roadshow and conference, hosted by GTMA* and LIT, has already confirmed more than 100 exhibitors and participants from both sides of the Irish Sea. Now in its third year, the popular event has grown to include [...]...
  • Investigation into Insurance Ireland Data Pooling System The European Commission has opened a formal antitrust investigation into Insurance Ireland to assess whether the conditions of access to its Insurance Link data pooling system may restrict competition, in breach of EU rules. Insurance Ireland is an association bringing together several member companies active in the insurance sector in Ireland. Insurance Ireland administers and makes [...]...

Ireland Has Relatively Strong Infrastructure With Some Sectoral Weaknesses

Ireland Has Relatively Strong Infrastructure With Some Sectoral Weaknesses
November 17
10:07 2017

A recent IMF Assessment evaluating Ireland’s public investment in infrastructure finds that infrastructure levels and management practices are generally well developed, but areas where improvements can be made have been identified. A number of recommendations have been made by the IMF and the process of addressing these recommendations is being implemented.

During July this year, an expert team from the IMF was invited to assess Ireland’s public investment institutions to evaluate the design and effectiveness of the institutions that shape decision-making at the three key stages of the public investment cycle: planning investment; allocating investment to the right sectors; and implementing investment.

The PIMA (Public Investment Management Assessment) for Ireland report concludes that overall, Ireland manages its public infrastructure relatively well. The report highlights both strengths and weaknesses and contains a number of recommendations to improve future performance in terms of the efficiency of public capital investment.

The publication of the PIMA is very timely against the backdrop of the Government’s plans for a substantial increase in public capital investment over the next ten years – a requirement confirmed by the PIMA report.

The Assessment includes a focus on:

* A review of our planning and delivery mechanisms, and the mechanisms for co-ordinated planning of infrastructural provision across sectors.

* A benchmarking of Ireland’s infrastructure by reference to that of other comparable developed countries, drawing on the relevant IMF data; and

* An assessment of PPPs and public investment management in State owned entities’.

The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe TD, said: “The PIMA will play an important role in identifying how institutions and public governance systems in Ireland who are responsible for planning, allocating and delivering public capital infrastructure might be further strengthened. Following the publication of the review of the Capital Plan and against the backdrop of the preparation of the 10 year National Investment Plan and the National Planning Framework, the analysis contained in the IMF PIMA can play a very helpful role in informing and guiding debate on public capital investment planning in the future.”

The key findings of the report are that:

* Ireland has relatively strong infrastructure, with some sectoral weaknesses;

* management of public investment is generally good, but with scope for improvement; and

* there appears to be significant scope for strengthening the efficiency of public investment to match the best-performing advanced economies.

About Author

admin

admin

Related Articles

New Subscriber

Subscribe Here



Advertisements






















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4