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Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 2.1 3.3
Consumer Prices 2.7 2.8
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Albania: Financial Position in the Fund

Transactions with the Fund


IMF Resident Representative
Office in Albania

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Albania and the IMF
Updated July 16, 2014

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Staff Papers
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.