Ensuring that only high quality projects are selected for the Government budget will only be possible if the technical skills of public officials involved in project appraisal are improved and if the project selection process is very thorough, transparent and open to public scrutiny.
The current capacities in the public sector for implementing public investment projects are weak; the backlog of projects for which funding has already been secured but implementation has  BIS central bankers’ speeches  3  been delayed is evidence of serious absorption capacity constraints.