Albania: Staff Report for the 2013 Article IV Consultation and Request for Extended Arrangement
IMF Staff Country Reports, March 19, 2014
Source details
- Canonical URL
- Albania: Staff Report for the 2013 Article IV Consultation and Request for Extended Arrangement
Other formats
Bibliographic details
- Published: March 19, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484338339.002
Overview and Context
- Focus: economic developments and policies that have led to weakening and imbalance of the economy.
- Key constraint identified: high nonperforming loans (NPLs) are constraining credit growth.
- External environment: weak external drivers are preventing a sustained reduction in external imbalances.
- Authorities' request: a three-year arrangement with proposed access equivalent to SDR 295.42 million.
Main Findings
- Financial sector risks:
- High nonperforming loans (NPLs) are a binding constraint on the banking sector.
- Reduction in NPLs would safeguard financial stability.
- Lowering NPLs would help release credit supply constraints by lowering bank risk aversion.
- External sector:
- Weak external drivers are impeding sustained reduction in external imbalances.
- Policy implication:
- Addressing NPLs is central to restoring credit growth and supporting macroeconomic rebalancing.
Publication and Metadata
- Publication title: Albania: Staff Report for the 2013 Article IV Consultation and Request for Extended Arrangement
- Publication date: March 19, 2014
- Series: Country Report No. 2014/078
- Issue: 078
- Volume: 2014
- Pages: 113
- DOI: https://doi.org/10.5089/9781484338339.002
- Stock No: 1ALBEA2014001
- ISBN: 9781484338339
- ISSN: 1934-7685
Subjects and Keywords
- Subject: Arrears, Banking, External debt, Financial institutions, Loans, Nonperforming loans, Public debt
- Keywords: Albania's ability, Arrears, authority, CR, Eastern Europe, Europe, Global, government arrears, ISCR, Loans, Nonperforming loans, nontax revenue, profitability of the banking system, revenue collection, SDR, Southern Europe, staff appraisal
International Monetary Fund. Albania: Staff Report for the 2013 Article IV Consultation and Request for Extended Arrangement (Country Report No. 2014/078).