Republic of Kosovo: Technical Assistance Report-Public Investment Management Assessment Update and Climate PIMA

International Monetary Fund

No 2023/380, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper highlights the details of the technical assistance (TA) report on Public Investment Management Assessment (PIMA) Update and Climate PIMA in the Republic of Kosovo. Public investment in Kosovo occurs in a fiscal environment where the general government deficit and debt is generally well contained. The overall strength of Kosovo’s public investment management institutions has increased—though the design of these institutions is stronger than their effectiveness in practice. The failure to undertake robust and consistent feasibility studies prior to project initiation is a key weakness, leading to delays and problems in project execution. In the implementation phase, design is stronger than performance, in part due to implications of weaknesses early in the planning stage. Like most other countries, Kosovo is at an early stage of incorporating climate aspects into public investment management. 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.

Keywords: Public investment; climate change; public finance.; scores compare; Kosovo Climate-PIMA; capital investment; project appraisal guideline; PPP assessment manual; government policy; Budget planning and preparation; Public investment spending; Capital spending; Infrastructure; Europe; Eastern Europe; Southern Europe (search for similar items in EconPapers)
Pages: 88
Date: 2023-12-04
New Economics Papers: this item is included in nep-env and nep-ppm
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=541925 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2023/380

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi (amodi@imf.org).