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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.

Macroeconomics --- Economics: General --- Public Finance --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Public Administration --- Public Sector Accounting and Audits --- Economic & financial crises & disasters --- Economics of specific sectors --- Public finance & taxation --- Financial administration & public finance law --- Fiscal risks --- Public financial management (PFM) --- Public investment spending --- Expenditure --- PPP legislation --- Risks of public-private partnership --- Currency crises --- Informal sector --- Economics --- Public-private sector cooperation --- Fiscal policy --- Public investments --- Albania