IMF -- Resident Representative Office in Albania

Tirana, Albania

Albania Resident Representative Site

Resident Representative Office in Albania

January 30, 2009

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Albania and the IMF. Additional information can be found on Albania and IMF country page, including official IMF reports and Executive Board documents in English that deal with Albania.

At a Glance: Albania's Relations with the IMF

Current IMF membership: 186 countries
Albania joined the Fund on October 15, 1991
Quota: SDR 48.70 million
Outstanding Loans: PRGF SDR 50.04 million and Extended Arrangement SDR 6.09 million
The last Article IV consultation (Country Report 08/267) was discussed by the Executive Board on July 25, 2008

News and Highlights

In one Boat, but in Stormy Weather

Op-ed by Marek Belka Director of the European Department of the IMF and Srobona Mitra, Economist published in Gazeta Shqiptare
May 13, 2009

In Albanian

IMF Resident Representative discusses the impact of the global financial crisis in Albania

Interview with Ann-Margret Westin with the BBC Albanian Section
March 10, 2009

In Albanian

IMF Resident Representative discusses the expiry of the PRGF/EFF arrangement, and growth estimations in 2008 and prospects and risks for 2009

Interview with Ann-Margret Westin, published in Shekulli
January 16, 2009

In Albanian

IMF Resident discusses Albania's upcoming graduation from PRGF status and the challenges ahead toward reaching an emerging economy status

Interview with Ann-Margret Westin, published in Standard
October 8, 2008

In Albanian

IMF Resident Representative analyzes the progress made by Albania during 16 years of IMF programs and the challenges ahead

Interview with Ann Margret Westin, published in Shekulli
October 3, 2008

In Albanian

Albania and The IMF

Press Release: Statement by the IMF Mission to Albania

April 9,2009

Albania: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under the Extended Arrangement, and Financing Assurances Review - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Albania

February 27,2009
Series: Country Report No. 09/73

Albania -- Letter of Intent, January 08, 2009

January 28,2009
PDF File Size: 148Kb

Press Release: IMF Executive Board Completes the Sixth and Final Review Under the PRGF and EFF Arrangements with Albania and Approves US$3.6 Million Disbursement

January 28,2009

Concluding Statement of the IMF Mission for Albania

November 11,2008
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.

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Regional Economic Outlook: Europe

Europe's contraction is ending, but the recovery is fragile. Policymakers should look beyond the crisis to secure a durable upswing and address the threats to potential growth from the crisis and the continent's well-known structural rigidities. The report's analytical work stresses the uncertainty surrounding potential growth estimates, and the more volatile environment faced by emerging economies in a tightly integrated region. In the near term, this calls for measures to restore the financial sector to health and for continued macroeconomic support, while preparing for the exit from extraordinary interventions in a coordinated and transparent fashion. Higher longer-term growth through structural change will support the recovery, smooth the exit, and help emerging markets to adjust to lower capital inflows in the crisis' aftermath.

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Resident Representative for Albania

Resident Representative in Albania
Twin Tower I, Suite 5-4
Dëshmorët e Kombit Boulevard
Tirana, Albania
E-mail: RR-ALB@imf.org
Telephone: +355 (4) 2280 400
Fax: +355 (4) 2280 401