Public Infrastructure in the Western Balkans: Opportunities and Challenges

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

No 2018/002, IMF Departmental Papers / Policy Papers from International Monetary Fund

Abstract: 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.

Keywords: DPPP; DP; capital stock; crowding in; private sector; EU country; IMF staff calculation; infrastructure investment; single market; financial support; management framework; EU accession prospect; investment plan; country's investment attractiveness; investment goods; IFI financing; accession prospect; Infrastructure; Public investment and public-private partnerships (PPP); Public investment spending; Capital spending; Europe; Central and Eastern Europe; Global; Baltics; EU integration process (search for similar items in EconPapers)
Pages: 71
Date: 2018-02-07
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