IMF Working Papers

The Future of PPPs in the Western Balkans

By Jan Kees Martijn, Yan M Sun, William Lindquist, Yen N Mooi, Ezgi O. Ozturk, Hoda Selim, Armine Khachatryan

February 10, 2023

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Jan Kees Martijn, Yan M Sun, William Lindquist, Yen N Mooi, Ezgi O. Ozturk, Hoda Selim, and Armine Khachatryan. The Future of PPPs in the Western Balkans, (USA: International Monetary Fund, 2023) accessed November 8, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Public-Private Partnerships (PPPs) are increasingly an important vehicle for several Western Balkan countries to increase investment to reduce their infrastructure gaps. While there are benefits to well-designed and implemented PPPs, they also carry a potential for large fiscal risks and increased costs if not managed well. Countries with successful PPP programs typically benefit from a clear and well-designed PPP governance framework, which covers all stages of the PPP life cycle. Western Balkan countries need to address gaps in their PPP governance frameworks to fully reap the potential benefits from PPPs.

Keywords: Infrastructure, Public-private partnerships, Western Balkans

Publication Details

  • Pages:

    52

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

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  • Series:

    Working Paper No. 2023/031

  • Stock No:

    WPIEA2023031

  • ISBN:

    9798400234439

  • ISSN:

    1018-5941