The Stability Pact for South Eastern Europe was initiated with much fanfare in 1999 as the ultimate and necessary solution to long-term peace, stability, and security in the Balkans. An impressive list of concrete and targeted projects has been developed, and virtually every regional effort now includes reference to the Pact either in terms of potential funding support or general regional cooperation. Despite these efforts, few Pact projects have been fully funded or implemented, leading to considerable criticisms that the Stability Pact is more of a “talk-tank” that a goal-oriented project management and oversight coordinator.