Public Investment Management Practices in the EU

This document is a report on public investment management practices in the European Union, focusing on the rationale for a Public Investment Management (PIM) workstream at the European Commission. It outlines the national practices of managing public investments and the management of EU Cohesion Policy funds. The document presents findings from a survey conducted with all 27 EU Member States, detailing the strategic investment planning, appraisal and selection processes, medium-term budgeting, monitoring and implementation, and ex-post reviews. It highlights the differences between EU co-funded and nationally funded investments, emphasizing the governance and planning disparities. The report concludes with insights on the implications for policy, noting the ongoing reforms in many Member States and the potential for learning from peers. It also discusses the renewed focus on investments and medium-term fiscal planning within the new EU Economic Governance Framework set for 2024.