Albania : Staff Report for the 1999 Article IV Consultation, Request for the Second Annual Arrangement Under the Enhanced Structural Adjustment Facility, and Request for Augmentation

Author/Editor:

International Monetary Fund

Publication Date:

July 1, 1999

Electronic Access:

Free Full text (PDF file size is 4013 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper reviews Albania’s 1999 Article IV Consultation, Request for the Second Annual Arrangement Under the Enhanced Structural Adjustment Facility, and a Request for Augmentation. Inflation fell to 2 percent in March 1999. The return to growth and low inflation reflected the government's adherence to strong fiscal consolidation efforts. The domestically financed component of the deficit was reduced to 6.4 percent of GDP in 1998 from 10.8 percent of GDP in 1997. The external current account deficit also fell sharply from 12 percent of GDP in 1997 to 6 percent of GDP.

Series:

Country Report No. 99/50

Subject:

Notes:

Included with the Staff Report is the text of Public Information Notice No. 99/51--IMF Concludes Article IV Consultation with Albania.

English

Publication Date:

July 1, 1999

ISBN/ISSN:

9781451800623/1934-7685

Stock No:

1ALBEA0011999

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

67

Please address any questions about this title to publications@imf.org