The Role of the International Monetary Fund and the World Bank in Supporting Public Sector Reform in the Western

Abstract

The International Monetary Fund, although the main focus has the financial and technical support in the monetary sectors and trade balance  for member countries, it has long provided advice and technical assistance to promote good governance, such as promoting transparency of public sector and accountability. Also, the World Bank leverages lending instruments, helps and supports the member countries in need to carry out public reforms. Given the fact that the penitentiary Balkan countries started transition reforms from multiparty to multi-party systems in the 1990s, the role of international financial institutions was important in the field of structural reforms of these countries.The purpose of the paper is to examine and analyze the World Bank's lending and financial support instruments dedicated to public sector reform in Kosovo, Macedonia and Albania, in the period of membership in these institutions, using the analysis and comparative  method  until 2016. The research focuses on the lending and technical assistance provided by these institutions in the area of ​​financial management, revenue management, transparency, administrative and civil services and institutional capacity building.

Keywords: International Monetary Fund, World Bank, lending, public sector, technical assistance

DOI: 10.7176/JESD/10-4-13