IMF Working Papers Volume 2023 Issue 031: The Future of PPPs in the Western Balkans (2023)

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The Future of PPPs in the Western Balkans

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Mr. Jan Kees Martijn

Mr. Jan Kees Martijn
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Ms. Yan M Sun

Ms. Yan M Sun
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William Lindquist

0000000404811396

https://isni.org/isni/0000000404811396 International Monetary Fund

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Yen N Mooi

Yen N Mooi
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Ezgi O. Ozturk

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https://isni.org/isni/0000000404811396 International Monetary Fund

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Hoda Selim

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https://isni.org/isni/0000000404811396 International Monetary Fund

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, and

Armine Khachatryan

Armine Khachatryan
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Series:: IMF Working Papers

Volume/Issue:: Volume 2023: Issue 031

Publication Date:: 10 Feb 2023

DOI:: https://doi.org/10.5089/9798400234439.001

ISBN:: 9798400234439

ISSN:: 1018-5941

Pages:: 52

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

Legal-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.

Series:: IMF Working Papers

Volume/Issue:: Volume 2023: Issue 031

Language:: English

Publication Date:: 10 Feb 2023

DOI:: https://doi.org/10.5089/9798400234439.001

ISBN:: 9798400234439

ISSN:: 1018-5941

Pages:: 52

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

Legal-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.

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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.

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IMF Working Papers

ISSN:: 1018-5941

Publisher:: International Monetary Fund

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