Albania: Recent Economic Developments and Statistical Appendix

August 18, 1999

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Albania: Recent Economic Developments and Statistical Appendix, (USA: International Monetary Fund, 1999) accessed September 19, 2024

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.

Subject: Banking, Civil service, Commercial banks, Economic sectors, Expenditure, External debt, Labor, Privatization, Revenue administration

Keywords: Civil service, CR, Customs authorities, Enterprise, Exchange rate, Government, Government bureaucracy, ISCR, Personal income, Private sector, Privatization, Publication office, Pyramid scheme

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/069
Stock No:

1ALBEA0021999
ISBN:

9781451800685
ISSN:

1934-7685

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