Sectors	Democracy and governance
EU Acquis Chapters	Economic and monetary policy, Financial and budgetary provisions
EU funds	1 449 400 €
Implementation period	2020 - 2024
Categories	Civil society;  Gender ;  Climate action ;  Digital (Mouse hover to see significance)

Creating jobs and stimulating economic growth is one of the most important priorities for BiH. The Project supports its achievement through coordinated effort in properly identifying and efficiently implementing investment projects in key strategic areas. Proper public investment policy endeavour to create more inclusive society with the ability to share in the benefits of a strong and growing economy. By assisting in gradually breaking down agency silos and working across government help to assess, develop and implement policies that improve wellbeing of BiH citizens. Suitable public investment help transform the economy by creating opportunities for productive businesses, municipalities and others to transition to a sustainable and low-emissions economy. Productivity growth is a key driver of incomes both at entity and state level. There is a clear need to improve productivity. This will create more opportunities to raise living standards. In this regard, R&D investment has the ability to create new knowledge, innovative processes and products, which in turn can boost productivity. Aim of this project is to support the development of efficient management of public investment through real cooperation across administrative levels, and strengthen capacity of government economists, resulting is adequate planning and proper selection of projects utilising a well-structured appraisal process -- technically sound and able to identify social, environmental and economic impacts; revealing which investment method is likely to yield the best value for money, build firmly on strategic plans which is integral to successful public investment.

Implementation of this project will result in: - Improved identification and formulation of public investment projects, aligned with sector strategies and/or development goals; - Improved prioritisation among public investment projects; - Improved management, financial monitoring, financial reporting and evaluation of investment projects; - Better planning, budgeting and reporting of public investment expenditures; - Consolidated results of the previous PIP-DIP project; - Enlarged coverage of the previous PIP-DIP project to all government levels and majority of institutions in BiH.