UDC 330.322(497-15)
Biblid: 0543-3657, 73 (2022)
Vol. 73, No 1184, pp. 117-146
DOI: https://doi.org/10.18485/iipe_mp.2022.73.1184.5

Review paper
Received: 20 Jan 2022
Accepted: 28 Feb 2022
CC BY-SA 4.0

Development Effects of the “Western Balkans Investment Framework”

Stanojević Nataša (Nataša Stanojević, naučni saradnik, Institut za međunarodnu politiku i privredu, Beograd), natasa.stanojevic@diplomacy.bg.ac.rs

The subject of this research is the effects of development assistance provided by the European Union to the countries of the Western Balkans during the accession process. The focus is on the effects of the projects of the Investment Framework for the Western Balkans as a key mechanism through which the development support to the region in the next project cycle will be realised. The paper describes the development goals of this programme and analyses the characteristics of previously implemented projects. The results showed that the share of EU grants in these projects is symbolic, while almost all funds come from user loans from European banks or their own budget funds. The analysis of the grant’s form showed its minor developmental effect, given that it is a matter of feasibility studies, assessments, and recommendations. The findings reveal that bilateral donations have a substantially greater impact and that bilateral collaboration with European countries is extremely important.

Keywords: Western Balkans, Western Balkans Investment Framework, Economic and Investment Plan, IPA funds, grant, bilateral donations