IMF Staff Country Reports

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

December 4, 2023

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Republic of Kosovo: Technical Assistance Report-Public Investment Management Assessment Update and Climate PIMA, (USA: International Monetary Fund, 2023) accessed December 3, 2024

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.

Subject: Budget planning and preparation, Capital spending, Climate change, Environment, Expenditure, Infrastructure, International organization, Monetary policy, National accounts, Public financial management (PFM), Public investment spending

Keywords: Budget planning and preparation, Capital investment, Capital spending, Climate change, Eastern Europe, Europe, Government policy, Infrastructure, Kosovo Climate-PIMA, PPP assessment manual, Project appraisal guideline, Public finance., Public investment, Public investment spending, Scores compare, Southern Europe

Publication Details

  • Pages:

    88

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/380

  • Stock No:

    1KOSEA2023003

  • ISBN:

    9798400260865

  • ISSN:

    1934-7685

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