Public Infrastructure in the Western Balkans: Opportunities and Challenges
Departmental Papers, February 7, 2018
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- Public Infrastructure in the Western Balkans: Opportunities and Challenges
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Bibliographic details
- Authors: Ruben V Atoyan, Dora Benedek, Ezequiel Cabezon, Giuseppe Cipollone, Jacques A Miniane, Nhu Nguyen, Martin Petri, Jens Reinke, James Roaf
- Published: February 7, 2018
- Series: Departmental Papers
- DOI: https://doi.org/10.5089/9781484337189.087
Overview and Objective
- Assessment of public infrastructure development in the Western Balkans.
- Quantifies large gaps across various sectors/dimensions.
- Evaluates current infrastructure plans.
- Discusses funding options available to countries in the region.
- Identifies important bottlenecks for increased infrastructure investment.
- Quantifies potential growth benefits from addressing infrastructure gaps.
- Concludes that boosting the quantity and quality of infrastructure is vital for raising economic growth and accelerating income convergence with the EU.
- Concludes with country-specific policy recommendations.
Key Findings
- Large infrastructure gaps exist across various sectors and dimensions (quantified in the paper).
- Current infrastructure plans are evaluated in the paper (details and assessments are part of the full document).
- Important bottlenecks for increasing infrastructure investment are identified (specific bottlenecks are analyzed in the paper).
- Potential growth benefits from addressing infrastructure gaps are quantified (the paper presents these quantified benefits).
Funding Options and Constraints
- The paper discusses multiple funding options available to countries in the Western Balkans.
- Discussion includes the role of public investment and public-private partnerships (PPP).
- The analysis covers IFI financing and other financial support mechanisms.
Policy Implications and Recommendations
- Boosting both the quantity and the quality of infrastructure is essential to raise economic growth and accelerate income convergence with the EU.
- The paper provides country-specific policy recommendations (detailed recommendations are contained in the full paper).
Subject Coverage and Keywords (as classified in the paper)
- Subjects: Capital spending, Expenditure, Infrastructure, National accounts, Public debt, Public investment and public-private partnerships (PPP), Public investment spending.
- Keywords include: 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.
Content in this bundle
- Annex I— Measuring Infrastructure Gaps