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February 28, 2014
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Albania and the IMF
Updated June 30, 2015

The last Article IV Executive Board Consultation was on February 28, 2014. Listed below are items related to Albania, in reverse chronological order (you can also view items by category).

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January 12, 2001 -- Albania Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, January 12, 2000
This Letter of Intent of the government of Albania describes the policies that Albania intends to implement in the context of its request for financial support from the IMF.
December 01, 2000 -- Inflation in Albania
Author/Editor: Rother, Philipp C.
Series: Working Paper No. 00/207
December 01, 2000 -- IMF Staff Papers - Volume 47, Number 1, 2000 - The Rise and Fall of the Pyramid Schemes in Albania, by Chris Jarvis
What lessons can be drawn from the unprecedented growth and spectacular collapse of financial pyramid schemes in Albania? This paper discusses the origins of the pyramid schemes and the way the authorities handled them. It also analyzes the economic effects of the pyramid schemes, concluding that despite the descent into anarchy triggered by the schemes' collapse, their direct effects on the economy are difficult to specify and appear to have been limited. Finally, the paper argues that prevention of pyramid schemes is better than cure and that governments and international financial institutions should be vigilant in clamping down on frauds.
September 28, 2000 -- Statement by the Hon. Anastas Angjeli, Governor of the World Bank for Albania, at the Joint Annual Discussion
PDF File Size: 777Kb
July 28, 2000 -- Albania: Statistical Appendix
Series: IMF Staff Country Report No. 00/87
June 30, 2000 -- Press Release: IMF Approves Third Annual PRGF for Albania
June 23, 2000 -- Public Information Notice: IMF Concludes Article IV Consultation with Albania
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
June 23, 2000 -- Albania: Staff Report for the 2000 Article IV Consultation and Second Review Under the Second Annual Arrangement Under the Poverty Reduction and Growth Facility
Series: IMF Staff Country Report No. 00/74
Notes: Included with the Staff Report is the text of Public Information Notice No. 00/43
June 16, 2000 -- Report on the Observance of Standards and Codes: Albania -- Data Dissemination
This report compares country practices in Albania with internationally recognized standards and codes in the areas of data dissemination, fiscal transparency, monetary and financial policy transparency, and banking supervision, and in some instances, one or all of the following: securities markets, insurance regulations, and accounting and auditing standards. In reviewing countries' observance of standards, the report covers disclosure practices and also discusses issues related to the quality of the information released.
June 09, 2000 -- News Brief: IMF Completes Albania PRGF Review and Approves US$3 Million Credit Tranche
May 30, 2000 -- Report on the Observance of Standards and Codes: Albania -- Table of Contents
This report compares country practices in Albania with internationally recognized standards and codes in the areas of data dissemination, fiscal transparency, monetary and financial policy transparency, and banking supervision, and in some instances, one or all of the following: securities markets, insurance regulations, and accounting and auditing standards. In reviewing countries' observance of standards, the report covers disclosure practices and also discusses issues related to the quality of the information released.
May 25, 2000 -- Albania Letter of Intent, Memorandum on Economic and Financial Policies, and Technical Memorandum of Understanding, May 25, 2000
This Letter of Intent of the government of Albania describes the policies that Albania intends to implement in the context of its request for financial support from the IMF.
May 03, 2000 -- Interim Poverty Reduction Strategy Paper--Albania--Table of Contents
Summarizes the current knowledge and analysis of a country's poverty situation, describes the existing poverty reduction strategy, and lays out the process for producing a fully developed PRSP in a participatory fashion.
April 16, 2000 -- Statement by Hon. Giuliano Amato, Governor of the Fund for Italy, at the International Monetary and Financial Committee meeting on April 16, 2000
The International Monetary and Financial Committee member for the constituency consisting of Albania, Greece, Italy, Malta, Portugal, and San Marino
March 20, 2000 -- Southeast Europe: Regional Economic Prospects, External Financing Needs, and IMF Programs
Generally prudent macroeconomic management in most countries has provided a stable environment in which economic growth should rebound quite strongly in 2000
March 01, 2000 -- Finance & Development, March 2000 - The Rise and Fall of Albania's Pyramid Schemes
By Christopher Jarvis: During 1996-97, Albania was convulsed by the dramatic rise and collapse of several huge financial pyramid schemes. This article discusses the crisis and the steps other countries can take to prevent similar disasters.
January 19, 2000 -- News Brief: IMF Completes Albania Review and Approves US$13 Million Credit Tranche
December 21, 1999 -- Albania Letter of Intent, December 21, 1999
This Letter of Intent of the government of Albania describes the policies that Albania intends to implement in the context of its request for financial support from the IMF.
November 08, 1999 -- IMF Survey:
IMF Executive Board's agenda for 2000; highlights of a recent IMF staff report on Germany; new IMF study on exchange rate regimes and currency convertibility; and pyramid schemes in Albania. PDF File Size: 309Kb
August 18, 1999 -- Albania: Recent Economic Developments and Statistical Appendix
Series: IMF Staff Country Report No. 99/69

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