Departmental Papers

Public Infrastructure in the Western Balkans: Opportunities and Challenges

By Ruben V Atoyan, Dora Benedek, Ezequiel Cabezon, Giuseppe Cipollone, Jacques A Miniane, Nhu Nguyen, Martin Petri, Jens Reinke, James Roaf

February 7, 2018

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Ruben V Atoyan, Dora Benedek, Ezequiel Cabezon, Giuseppe Cipollone, Jacques A Miniane, Nhu Nguyen, Martin Petri, Jens Reinke, and James Roaf. Public Infrastructure in the Western Balkans: Opportunities and Challenges, (USA: International Monetary Fund, 2018) accessed October 13, 2024

Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

An assessment of public infrastructure development in the Western Balkans. The paper quantifies the large gaps across various sectors/dimensions, evaluates current infrastructure plans, and discusses funding options available to countries in the region. The paper also identifies important bottlenecks for increased infrastructure investment. Finally, the paper quantifies potential growth benefits from addressing infrastructure gaps, concluding that boosting the quantity and quality of infrastructure is vital for raising economic growth and accelerating income convergence with the EU. The paper concludes with country-specific policy recommendations.

Subject: Capital spending, Expenditure, Infrastructure, National accounts, Public debt, Public investment and public-private partnerships (PPP), Public investment spending

Keywords: Accession prospect, Baltics, Capital spending, Capital stock, Central and Eastern Europe, Country's investment attractiveness, Crowding in, DP, DPPP, EU accession prospect, EU country, EU integration process, Europe, Financial support, Global, IFI financing, IMF staff calculation, Infrastructure, Infrastructure investment, Investment goods, Investment plan, Management framework, Private sector, Public investment and public-private partnerships (PPP), Public investment spending, Single market

Publication Details

  • Pages:

    71

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Departmental Paper No. 2018/002

  • Stock No:

    PIWBEA

  • ISBN:

    9781484337189

  • ISSN:

    2616-5333