Albania: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review
IMF Staff Country Reports, July 16, 2004
Source details
- Canonical URL
- Albania: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review
Other formats
Bibliographic details
- Published: July 16, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451800760.002
Summary findings
- Performance since the third review has been satisfactory overall.
- 2003 fiscal revenue fell short of the ambitious budget targets.
- All quantitative performance criteria for end-March 2004 were met.
- The end-December 2003 indicative target for net credit to government was met substantially despite revenue and external assistance.
Quantitative performance and fiscal outcomes
- 2003 fiscal revenue: fell short of budget targets (no numeric value provided in source).
- End-March 2004: all quantitative performance criteria were met.
- End-December 2003: indicative target for net credit to government was met substantially despite revenue shortfalls and external assistance shortfalls.
Policy-relevant subject areas covered
- Banking
- Budget planning and preparation
- Expenditure
- External debt
- Public debt
- Public financial management (PFM)
- Revenue administration
Keywords and thematic focus
- authority
- broad money
- Budget planning and preparation
- CR
- Europe
- Global
- implementation
- investment barrier
- ISCR
- PRGF
- PRGF arrangement
- PRGF loan
- private-sector activity
- privatization process
- revenue
- revenue-enhancing tax policy measure