Albania : Staff Report for the 2002 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Modification and Waiver of Performance Criterion

Author/Editor:

International Monetary Fund

Publication Date:

March 7, 2003

Electronic Access:

Free Full Text (PDF file size is 2783 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper examines Albania’s 2002 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Modification and Waiver of Performance Criterion. Economic growth appears to have fallen below a 7 percent estimated historical average, to 4.7 percent in 2002. High foreign investments and private remittances in 2001 have maintained robust import demand, reflected in a widening trade deficit in 2001 and the first half of 2002. The IMF staff supports the authorities’ request for completing the first program review and the request for a waiver.

Series:

Country Report No. 03/63

Subject:

English

Publication Date:

March 7, 2003

ISBN/ISSN:

9781451800661/1934-7685

Stock No:

1ALBEA0012003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

77

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