The Future of PPPs in the Western Balkans

Jan Martijn, Yan Sun, William Lindquist, Yen Mooi, Ezgi Ozturk, Hoda Selim and Armine Khachatryan

No 2023/031, IMF Working Papers from International Monetary Fund

Abstract: 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; governance framework; PPP procurement; PPP life cycle; future of PPP; PPP project; Fiscal risks; Public investment spending; PPP legislation; Risks of public-private partnership; Europe; Global (search for similar items in EconPapers)
Pages: 52
Date: 2023-02-10
New Economics Papers: this item is included in nep-ppm
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