Bulgaria’s EU Funds Absorption: Maximizing the Potential!
| Autor: | Iana Paliova, Tonny Lybek |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
Finance
Public investment business.industry media_common.quotation_subject Cohesion (computer science) Audit Payment Absorptive capacity Bulgaria European Union Financial assistance Government expenditures EU structural and cohesion funds potential growth public procurement advance payments procurement law conflicts of interest public procurement law Macroeconomic Analyses of Economic Development General and potential growth Absorption rate General Earth and Planetary Sciences media_common.cataloged_instance Business European union Potential output General Environmental Science media_common |
| Zdroj: | IMF Working Papers. 14 |
| ISSN: | 1018-5941 |
| DOI: | 10.5089/9781475571684.001 |
| Popis: | This paper focuses on EU structural and cohesion funds assistance to Bulgaria during the 2007–13 program period. Initial weaknesses resulted in a low absorption rate, which was mitigated by increasing advance payments; applying electronic application and reporting procedures; simplifying and unifying tender processes; and strengthening the role of international financial institutions and banks in project preparation, evaluation and monitoring. The possible impact on growth and potential output is briefly discussed, while the risks of improper absorption are acknowledged. Valuable lessons have been learned, but it is recommended that additional steps be taken for the next program period 2014–20. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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