National System of Multiannual Programming and Investment Management

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FACULTY OF BUSINESS

ACCOUNTING SCHOOL

ACADEMIC REPORT

COURSE:

GESTIÓN PÚBLICA

AUTHOR:

YUDITH VIVANCO MOISES

Sede - Perú

(2023)

INDICE

I.        INTRODUCTION        3

II.        DEVELOPMENT        4

III.        REFERENCIAS BIBLIOGRÁFICAS        8

                ANEXO

1. INTRODUCTION

Invierte.pe is the new name by which the National System of Multiannual Programming and Investment Management is known, which has replaced the old National Public Investment System (SNIP). It was created under Legislative Decree No. 1252 on December 1, 2016, coming into effect on February 24, 2017. Its Governing Body is the General Directorate of Public Investment of the Ministry of Economy and Finance.

The National Multiannual Programming and Investment Management System of Peru (Invierte.pe) has various computer platforms that allow the management and monitoring of investment projects. The Investment Bank is the system used to register projects from the sectors, regional and local governments. There is a restricted version for public officials and another that is publicly accessible. In the Project Bank you can find general details of the project, investment amounts and investment programming, results of the ex-ante evaluation, details of the execution phase and for those projects that have already been completed there is a section where You can consult the ex-ante evaluations where, in addition to the evaluation of goal fulfillment, the lessons learned during the execution phase are recorded.

Additionally, there is the Investment Monitoring System that is also publicly accessible. This system collects information from various platforms such as the Investment Bank, the Integrated Financial Administration System (SIAF-SP), the Electronic State Contracting System (SEACE). , and the Public Works Information System (Infobras) operated by the Comptroller General of the Republic (CGR). Thanks to this interrelation, it is possible to know in the same system the general information of the project, the physical-financial progress and the contracts related to the project. Another publicly accessible tool is the Georeferenced Public Investment System, where you can know the location of the projects, and allows the application of filters to show on the map only those projects that meet the parameters of interest to the user. Once a project is selected, it is possible to know its details; for this purpose the user is redirected to the Investment Tracking System.

1. DEVELOPMENT

How does the Invierte.Pe investment cycle work?

The cycle of this improved investment scheduling system is divided into 4 phases:

1.Multi-annual Investment Programming (PMI):

In this first stage, emphasis is placed on the elaboration of the objectives that the projects must meet.

First, a diagnosis of the infrastructure and public services gap is prepared.

  According to this diagnosis, objectives are set to reduce the gaps, by geographical areas.

  Then, multi-year programming is carried out based on the gaps. service standards and production levels communicated by the sectors. Taking into account the gaps, the GR and GL must carry out their PMI and communicate it to each sector. Said programming must cover a minimum period of 3 years.

From there, the OPMI investment portfolio of the sector is established and the GR and GL prepare said portfolio taking into account the defined objectives and priorities. Investment portfolios must indicate the possible source of financing, execution modality, reference amount and start and end dates of the project.

At the end of this stage, Consolidation is reached in the PMIE. Before March 30 of each year, the Resolution Body of each sector, GR and GL must present its PMI to the General Directorate of Multiannual Investment Budget (DGPMI) , which consolidates all the information in the Multiannual State Investment Program (PMIE).

2. Formulation and evaluation:

The intelligent investment cycle of Invierte.Pe enters its second stage with Formulation and Evaluation. In this phase, the technical sheet or pre-investment studies are carried out, documents that will serve to determine the justification of the project. According to what the result of such study reflects, the Formulation Unit (UF) will rule on the viability of the project.

Likewise, the UF is responsible for registering the project with the Investment Bank.

3. Execution:

The execution is the penultimate stage of the investment cycle of the Invierte.Pe investment system. Here the Investment Execution Unit (UEI) prepares the technical file or equivalent documents depending on the technical conception and dimensioning of the pre-investment study or the technical sheet.

If some of those investments do not constitute PIP, a technical report is prepared on that information recorded directly in the project bank.

Then, monitoring of project execution begins through an Investment Monitoring System, a tool that links the Investment Bank with the SIAF. In the event that modifications are made, the EU or UF will have to register them in the Investment Bank prior to their execution. Once the execution of the project is completed, the EU must carry out the physical and financial settlement and close the registry in the Investment Bank.

4. Operation

The stage in which the cycle of the Invierte.Pe system concludes. A report is made on the status of the assets, where the owners included in the PIM must report their status annually to the OPMI of the sector, GR, or GL, as appropriate.

Next, asset owners must schedule the necessary expenses to ensure the operation and maintenance of the projects.

Subsequent evaluations of the projects will be carried out. The DGPMI will establish the criteria for a project to undergo an evaluation, while the corresponding OPMI will have to establish which projects meet the requirements and subject them to an evaluation according to their level of complexity.

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