USD 200 MILLION WORLD BANK FUNDED PIM PLUS OPERATION LAUNCHED: The Permanent Secretary and Secretary to the Treasury (PSST), Dr. @rggoobi has today launched the PIM PLUS Operation, a programme designed to reform and redefine how Government plans, prepares, executes and manages public investments. This World Bank funded facility will be disbursed upon the achievements of agreed Disbursement Linked Indicators (DLIs) and Intermediate Results Indicators (IRIs). The PSST said this arrangement will ensure resources are earned not by spending, but by improving processes and Institutions. “PIM PLUS is a Program for Results (PforR). It utilizes our own systems and disburses funds only when we achieve and verify the agreed upon results,” said the PSST adding that this result-driven approach makes PIM-PLUS more accountable, empowering, and aligned to strengthening government institutions to deliver real outcomes. This program is expected to address the persistent and entrenched bottlenecks in the Public Investment Management including; weaknesses in project preparation, execution, monitoring, maintenance, asset management and climate-related losses estimated at over USD 140 million annually. Under PIM PLUS, USD 40 million will go towards facilitating the Project Preparation Facility under @NPA_UG while USD 160 million is for financing investment projects to achieve NDP IV and Tenfold Growth targets through implementation of the ATMS and their enablers. The World Bank in their statement congratulated Uganda on achieving this milestone and pledged to continue supporting the Government of Uganda to improve the way it designs and implements public investment projects.