Albania: Recent Economic Developments and Statistical Appendix
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Summary:
This paper reviews macroeconomic developments in Albania during 1997–99. Backed by a tightening of monetary policy, inflation subsided quickly in the second half of 1997, and the exchange rate recovered from its earlier sharp depreciation. In 1998, the authorities continued on the path toward macroeconomic stabilization, implementing a tight budget with savings in noninterest current spending and strong revenue measures. Inflation decreased rapidly from 42 percent at end-1997 to below 9 percent at end-1998 and continued on its downward path in 1999.
Series:
Country Report No. 1999/069
Subject:
Banking Civil service Commercial banks Economic sectors Expenditure External debt Labor Privatization Revenue administration
English
Publication Date:
August 18, 1999
ISBN/ISSN:
9781451800685/1934-7685
Stock No:
1ALBEA0021999
Pages:
63
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