Download or read book Montenegro Technical Assistance Report Public Investment Management Assessment written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-09 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public investment is expected to play a significant role in the post-pandemic economic recovery in Montenegro. Due to the importance of the tourism sector, the pandemic has had a deep economic impact. In addition, as government debt already exceeds one hundred percent of GDP, fiscal space to increase public investment is limited. Nevertheless, the completion of the first phase of the Bar-Boljare Highway (BBH), by the end of 2021, should free up public resources within the budget constraint, that could be used for public investments. In this context, a strengthened public investment management (PIM) framework would contribute to maximize its impact on economic growth.
Download or read book Republic of Kosovo written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2023-12-04 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Slovak Republic written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2019-10-31 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Assistance paper assesses Slovak Republic’s public investment management framework using the IMF’s Public Investment Management Assessment (PIMA) methodology and advises the authorities on options to strengthen further the management of public investment. State-owned enterprises are major investors in infrastructure but are subject to little central oversight of their operational or financial performance. The report makes seven recommendations aimed at strengthening PIM institutions and reducing the identified efficiency gap. These recommendations focus on key bottlenecks and challenges in the investment process. Issues that warrant the authorities’ primary attention include introducing a strategic planning framework for public investment; developing a fully-operational pipeline of major projects, based on clear and robust selection criteria; and improving the credibility of the annual budget and medium-term budget ceilings. It also recommends establishing a national strategy and norms for routine and capital maintenance budgeting that will enhance the quality of strategic existing infrastructure.
Download or read book Bosnia and Herzegovina Republika Srpska written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2024-04-26 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: There have been significant improvements in public investment management (PIM) in Bosnia and Herzegovina - Republika Srpska (RS) over the last decade and the legal and institutional design is now ahead of many regional comparators. The effectiveness of the PIM framework is lagging behind its design, and continued strong and consistent reform efforts will be important to eliminate remaining obstacles to efficient public investment. Many of these reforms are already underway or planned.
Download or read book Ukraine written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2019-12-04 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Assistance report on Ukraine highlights that Ukraine currently has an efficiency gap of around 32 percent, which ranks it below average amongst emerging market countries and other comparators. Persistent under-investment, the currently high stock of debt, and ongoing institutional weaknesses, coupled with effects of the conflict in the East could see this gap continuing to grow, absent concerted efforts to reverse recent trends. The report also analyses that government policy on fiscal decentralization, articulated in the government’s 2014 coalition agreement, has the potential to significantly impact on the allocation of public investment. The institutional framework is weak in all areas. It is in terms of effectiveness of the institutions that the Ukrainian public investment management system really falls short. Twelve institutions are ranked as ineffective while a further two are moderately effective, with only one institution scoring a high rank in this category. While the picture looks bleak, some recent initiatives may bring about significant improvements.
Download or read book Republic of Kosovo written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2016-05-18 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Republic of Kosovo:Technical Assistance Report- Public Investment Management Assessment
Download or read book Montenegro Technical Assistance Report External Sector Statistics written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-12 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Monetary Fund (IMF)’s Statistics Department (STA) conducted a technical assistance (TA) mission to the Central Bank of Montenegro (CBM) for the compilation of external sector statistics (ESS) during April 28–May 13, 2021. The mission was funded by Eurostat to meet the European Union (EU)’s acquis1 from the ESS perspective. The mission focused on the compilation of quarterly international investment position (IIP),2 and assisted the CBM in preparing the Reserves Data Template (RDT) as well as in recording of financial intermediary services indirectly measured (FISIM) in balance of payments statistics.
Download or read book Montenegro written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2020-05-15 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF’s Statistics Department (STA) conducted a technical assistance mission to support the Central Bank of Montenegro (CBM) for the compilation of external sector statistics in Montenegro during January 20–31, 2020. The mission recommended that the CBM compile preliminary quarterly International Investment Position data and submit them to STA for review by the end of December 2020. The mission recommended that the CBM start recording the Economic Citizenship Program (ECP) according to the characteristics of the payments from the applicants by the end of March 2020. The ECP was just introduced in 2019 and details of the program were not made available during the mission. The mission advised that the payments from applicants for the ECP should be recorded in services, current or capital transfers, or direct or portfolio investment, according to the characteristics of the payments. The CBM plans to start recording data based on the information obtained from the international transaction reporting system (ITRS). The mission advised that the CBM approach the agency in charge of the ECP to collect precise information on the characteristics of the payments and cross-check the data from the ITRS.
Download or read book Bosnia and Herzegovina written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2018-02-06 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Assistance Report discusses the recommendations made by the IMF mission to assist the statistical authorities of Bosnia and Herzegovina (BiH) with setting up a register of public sector units and further enhancing the debt data based on the framework of the Government Finance Statistics Manual 2014 and European System of National and Regional Accounts. It is recommended that the three statistical institutes (BiH Agency for Statistics, Institute of Statistics, and the Institute of Statistics of the Federation of BiH) should draw up a provisional list of government controlled entities before the sectorization project starts in October 2015. The list should comprise all entities where government exercises some influence.
Download or read book Competitiveness and Private Sector Development Competitiveness in South East Europe A Policy Outlook 2018 written by OECD and published by OECD Publishing. This book was released on 2018-04-24 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: Future economic development and the well-being of citizens in South East Europe (SEE) increasingly depend on greater economic competitiveness. Realising the region’s economic potential requires a holistic, growth-oriented policy approach. Against the backdrop of enhanced European Union (EU) ...
Download or read book Montenegro written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2019-03-25 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: As part of the technical assistance (TA) for Montenegro and with the support of the IMF’s European Department (EUR), a financial soundness indicators (FSIs) TA mission from the IMF’s Statistics Department (STA) visited Podgorica, Montenegro, during November 29–December 5, 2017. The main objectives of the mission were to develop a framework for compiling FSIs based on the IMF’s FSIs Compilation Guide (FSI Guide). The mission was conducted with financial support from the government of the Netherlands.
Download or read book Montenegro 2021 Article IV Consultation Press Release Staff Report and Statement by the Executive Director for Montenegro written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-24 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 hit the economy hard, but a strong recovery is underway. Public debt, already elevated before the pandemic, has increased further. The government has embarked on a reform program ‘Europe Now’, which aims to arrest outward migration through a sharp minimum wage increase, labor tax wedge reduction, and the introduction of a progressive tax code. The financial sector appears to have withstood the COVID-19 shock well.
Download or read book Bosnia and Herzegovina written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2018-10-17 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Assistance Report discusses the findings and recommendations of the IMF mission regarding compilation of Government Finance Statistics in Bosnia and Herzegovina as per the Government Finance Statistics Manual 2014 and the European System of National and Regional Accounts 2010. On the compilation of Excessive Deficit Procedure (EDP) tables, the mission assisted the Central Bank of Bosnia and Herzegovina with the completion of derivation tables for net lending / net borrowing of the budgetary governments of the Federation of Bosnia and Herzegovina and the Republic of Srpska. The mission also recommended implementing a coding system for statistical adjustments to the source data; applying the superdividend test; and further implementing derivation tables for the compilation of EDP tables.
Download or read book Republic of North Macedonia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2024-01-26 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Republic of North Macedonia: Selected Issues
Download or read book Republic of Poland written by International Monetary and published by International Monetary Fund. This book was released on 2022-10-03 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public investment is expected to play a significant role in the post-pandemic economic recovery in Poland. Like other countries in the region, Poland lags more advanced European economies in the quantity and quality of its infrastructure despite significant progress in the last decade. The Government’s recent economic plan—the New Polish Deal—foresee an extensive economic and investment plan of which many investments will benefit from the large support from the European Union funds to scale up green, digital, and resilient investments. In this context, the public investment management assessment (PIMA) was conducted to assess strengths and weaknesses of infrastructure governance in Poland and identify potential bottlenecks for making the most of these investments in terms of quality of infrastructure.
Download or read book Impact Evaluation in Practice Second Edition written by Paul J. Gertler and published by World Bank Publications. This book was released on 2016-09-12 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of the Impact Evaluation in Practice handbook is a comprehensive and accessible introduction to impact evaluation for policy makers and development practitioners. First published in 2011, it has been used widely across the development and academic communities. The book incorporates real-world examples to present practical guidelines for designing and implementing impact evaluations. Readers will gain an understanding of impact evaluations and the best ways to use them to design evidence-based policies and programs. The updated version covers the newest techniques for evaluating programs and includes state-of-the-art implementation advice, as well as an expanded set of examples and case studies that draw on recent development challenges. It also includes new material on research ethics and partnerships to conduct impact evaluation. The handbook is divided into four sections: Part One discusses what to evaluate and why; Part Two presents the main impact evaluation methods; Part Three addresses how to manage impact evaluations; Part Four reviews impact evaluation sampling and data collection. Case studies illustrate different applications of impact evaluations. The book links to complementary instructional material available online, including an applied case as well as questions and answers. The updated second edition will be a valuable resource for the international development community, universities, and policy makers looking to build better evidence around what works in development.
Download or read book Georgia written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2018-11-07 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government’s decision to strengthen the infrastructure governance through improving the public investment management (PIM) and the public-private partnerships (PPPs) frameworks, is both timely and important. The government has an ambitious public investment agenda, to be implemented both through traditional public investment and with the help of private investors in the form of PPPs. Given the need to preserve fiscal sustainability in a context of limited fiscal space, avoiding inefficiencies and managing fiscal costs and risks arising from infrastructure projects will be crucial for advancing the government’s public investment agenda. The authorities are working on a broad range of public financial management reforms, including improving the PIM framework and the legal and regulatory framework for PPPs and PPAs. Over the last decade, public investment in Georgia has been similar to the average of emerging market economies (EMEs). Since the mid-2000s, public investment accounted, on average, for one third of total investment. Public investment remained volatile, reaching a peak of 8.6 percent of GDP in 2007, declining in the aftermath of large global and regional shocks, and stabilizing at about 5.5 percent of GDP in recent years.
