Western Balkans : Public Investment Management and the EU Effect
The report summarizes the findings of diagnostic studies of public investment management (PIM) processes in six Western Balkan countries. The key finding is that, except for externally financed investments, preliminary screening and rigorous projec...
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| Format: | Public Investment Review |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2010/01/23068858/western-balkans-public-investment-management-eu-effect http://hdl.handle.net/10986/21048 |
| Summary: | The report summarizes the findings of
diagnostic studies of public investment management (PIM)
processes in six Western Balkan countries. The key finding
is that, except for externally financed investments,
preliminary screening and rigorous project appraisal
techniques are rarely used, even in those cases where these
are prescribed. Ex post evaluation of public investment is
also largely undeveloped. Across the region systems are
gradually being put in place to improve PIM, but
implementation is handicapped by a shortage of skilled
practitioners. The report identifies a European Union (EU)
effect but finds its impact rather limited. Harmonization
with EU practices in public financial management focuses on
public internal financial control and public procurement
because these are the important areas for safeguarding EU
funds. Therefore these are also the areas of PIM where a
positive integration effect can be identified. |
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