Albania : Fourth 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

Author/Editor:

International Monetary Fund

Publication Date:

April 10, 2008

Electronic Access:

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Summary:

The main challenges for this review were to further redress long-running problems in the energy sector and to balance fiscal policy requirements for development spending with macroeconomic stability. The financial position of the state-owned electricity company (KESH) deteriorated significantly more than anticipated. The authorities have adopted a two-pronged solution to the electricity crisis. The authorities are prioritizing the strengthening of regulation to assure financial stability in a rapidly maturing financial system. The proposed conditionality for the Fifth Review is consistent with program goals, and the program is fully financed.

Series:

Country Report No. 08/128

Subject:

English

Publication Date:

April 10, 2008

ISBN/ISSN:

9781451800913/1934-7685

Stock No:

1ALBEA2008001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

81

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