Republic of Kosovo: Technical Assistance Report-Public Investment Management Assessment Update and Climate PIMA
IMF Staff Country Reports, December 4, 2023
Source details
- Canonical URL
- Republic of Kosovo: Technical Assistance Report-Public Investment Management Assessment Update and Climate PIMA
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Bibliographic details
- Published: December 4, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400260865.002
Executive summary and context
- Public investment in Kosovo occurs in a fiscal environment where the general government deficit and debt is generally well contained.
- The technical assistance (TA) report covers a Public Investment Management Assessment (PIMA) Update and a Climate PIMA for the Republic of Kosovo.
- Like most other countries, Kosovo is at an early stage of incorporating climate aspects into public investment management.
Institutional strengths and weaknesses
- Overall strength of Kosovo’s public investment management institutions has increased.
- Design of institutions is stronger than their effectiveness in practice.
- In the implementation phase, design is stronger than performance, in part reflecting weaknesses early in the planning stage.
Key operational deficiency
- Failure to undertake robust and consistent feasibility studies prior to project initiation is identified as a key weakness.
- Consequence: delays and problems in project execution.
Climate integration and governance implications
- Kosovo is at an early stage of incorporating climate considerations into public investment management (Climate PIMA).
- Dedicated effort and leadership from the Ministry of Finance, Labor and Transfers and the Ministry for Environment, Spatial Planning and Infrastructure will be key to boosting infrastructure outcomes.
Publication and document metadata (as provided)
- Pages: 88
- Volume: 2023
- Issue: 380
- Series: Country Report No. 2023/380
- DOI: https://doi.org/10.5089/9798400260865.002
- Stock No: 1KOSEA2023003
- ISBN: 9798400260865
- ISSN: 1934-7685
Source: Republic of Kosovo: Technical Assistance Report-Public Investment Management Assessment Update and Climate PIMA (IMF Staff Country Reports, 2023).
Content in this bundle
- 1kosea2023003 - Preface