Albania: Sixth 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
Electronic Access:
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Summary:
The staff report for Albania’s Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility is presented. The economy has achieved robust noninflationary growth, albeit with increasing external imbalances, and has begun to tackle longstanding problems in the business environment. The upcoming elections risk diverting policymakers’ attention from stability-oriented policies. Despite significant buffers and inbuilt strengths of the financial sector, continued diligent supervision, high-frequency monitoring, and enhanced cooperation with foreign supervisors of resident banks will be needed to underpin prompt, proactive responses to changing circumstances.
Series:
Country Report No. 2009/073
Subject:
Arrears Banking Corporate income tax External debt Financial institutions Loans Public debt Revenue administration Taxes
Frequency:
Biannually
English
Publication Date:
February 27, 2009
ISBN/ISSN:
9781451800951/1934-7685
Stock No:
1ALBEA2009001
Pages:
53
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