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‘Money Follows Success’ Attracting funds to Serbia for investment in the Environmental Sector

‘Money Follows Success’ Attracting funds to Serbia for investment in the Environmental Sector. John Glazebrook, EISP Novi Sad, 2013. Chapter 27 Accession Cost. €10,600,000,000. Source: NEAS (2011). Tips for attracting investment: . 1. Do good projects. Thank you for listening.

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‘Money Follows Success’ Attracting funds to Serbia for investment in the Environmental Sector

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  1. ‘Money Follows Success’Attracting funds to Serbia for investment in the Environmental Sector John Glazebrook, EISP Novi Sad, 2013

  2. Chapter 27 Accession Cost €10,600,000,000 Source: NEAS (2011)

  3. Tips for attracting investment: 1. Do good projects.

  4. Thank you for listening.

  5. Implementation Challenge for Serbia • Chapter 27 • €10,600,000,000 • CAPEX • €5,500,000,000 • OPEX, Admin • €5,200,000,000 • Water & Waste • €4,100,000,000 • The rest • €1,400,000,000 • Water • €3,500,000,000 • Waste • €550,000,000 • Water Annually* • €205,000,000 • Waste Annually* • €37,000,000 Source: EISP (2013), NEAS, DSIP Landfill.

  6. Implementation Challenge for Serbia Assumes: • CAPEX only; • Accession date 2019; • Maximum possible transition periods; • Investment from 2014; • 3 times as much funding after accession; • Meeting EU acquis by cheapest route and no more. • Water Annually* • €205,000,000 • Waste Annually* • €37,000,000

  7. Serbia needs to be more competitive for funds

  8. “Reputation” “Reputacija”

  9. Building a good Reputation for Serbia. For a donor/IFI/investor it means: • Lower risk; • Ability to spend budgets; • Building to a critical mass; *IPA II, 2014-2020, will include a performance reserve, in order to reward countries with good performance, and allow more flexibility to re-allocate funds.

  10. How to do ‘good’ projects? • Programming; • Formulation; • Financing; • Implementation; • Operations and Evaluation; START

  11. 1. Programming • Strategic Planning: • Be clear about what the overall goal is.. • Make sure that is really Serbia’s goal; • Clear priorities; • Create a choice. €10.6bn EU Acquis

  12. 2. Identification • Engineers, implementers: Do you have clear guidance on the national goals? • Policy makers: Are you learning from practical experience? • Both: Can you demonstrate a logical sequence for the decisions you have made?

  13. 3. Formulation local government Engage your partners: • Don’t assume they have the same views and information that you do. • Make use of their strengths – knowledge, funds, credibility. • Manage expectations. academics donors experts parliament NGOs central government Banks private sector

  14. 3. Formulation (cont.) • Engage Partners. • Design – technical, institutional, administrative and financial; • Implementation Proposal – capacity and capability. Build in phases? See financing. • Pilot projects! Time Quality Cost

  15. 4. Financing • Everyone’s problem and everyone’s solution – designers, implementers, policy makers. • Common sense – if it does not sound affordable then it probably is not. Do you need it all now? • Assume the worst – costs will rise. E.g.: Lithuania.

  16. Implementation: Managing Expertise

  17. 5. Implementation Managing Experts: • Provide a clear brief and guidance. Not just ToR. • For the government: Consultants are not gods, nor friends, nor enemies. • For the consultants: remember this too. Understand what you want from consultants, expect good work and check it.

  18. 5. Implementation • Risk – build in phases; • Partners – are they properly participating? • Closing projects – the hardest part.

  19. 6. Operations & Evaluation • Did you save any money for operating the facility and who will do it? • Learn from it. • Tell everyone about the good parts. “Pohvalite se!” Because… money follows success.

  20. Thank you. John Glazebrook International Management Group John.glazebrook@img-int.org

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