Public Infrastructure in the Western Balkans: Opportunities and Challenges

Author: Mr. Ruben V Atoyan, Ms. Dora Benedek, Ezequiel Cabezon, Mr. Giuseppe Cipollone, Mr. Jacques A Miniane, Ms. Nhu Nguyen, Mr. Martin Petri, Mr. Jens Reinke, and Mr. James Roaf

An assessment of public infrastructure development in the Western Balkans.

Volume/Issue: Volume 2018 Issue 002

Publication date: February 2018

ISBN: 9781484337189

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Finance , 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

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Summary

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.