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

Republic of Kosovo: Technical Assistance Report-Public Investment Management Assessment Update and Climate PIMA
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Volume/Issue: Volume 2023 Issue 380
Publication date: December 2023
ISBN: 9798400260865
$20.00
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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.

Money and Monetary Policy , Public Finance , International - Economics , Environmental Economics , 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

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Summary

Kosovo is rightly working to improve its public investment management to support future economic growth and improvements in wellbeing. This assessment applies the IMF Public Investment Management Assessment (PIMA) framework, including the Climate-PIMA module. It finds that there have been improvements in Kosovo’s public investment management institutions since the original 2015 PIMA assessment—but the design of these institutions is stronger than their effectiveness in practice. Continued reforms are needed to strengthen the project appraisal process, improve the pace of project implementation, and increase central support for major projects. Like most other countries, Kosovo is at an early stage of incorporating climate aspects into public investment management. Strengthening the alignment between climate goals and sectoral infrastructure planning and delivery will be needed to ensure that infrastructure investments are resilient and assist Kosovo in meeting is climate objectives.

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