Albania: Staff Report for the 2013 Article IV Consultation and Request for Extended Arrangement

March 19, 2014

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Albania: Staff Report for the 2013 Article IV Consultation and Request for Extended Arrangement, (USA: International Monetary Fund, 2014) accessed September 21, 2024

Summary

This 2013 Article IV Consultation for Albania focuses on economic developments and policies that have led to weakening and imbalance of the economy. It highlights that high nonperforming loans (NPLs) are constraining credit growth, and weak external drivers are preventing a sustained reduction in external imbalances. Reduction in NPLs would safeguard financial stability and help release credit supply constraints by lowering bank risk aversion. The authorities have requested a three-year arrangement with proposed access equivalent to SDR 295.42 million.

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

Publication Details

Pages:

113
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/078
Stock No:

1ALBEA2014001
ISBN:

9781484338339
ISSN:

1934-7685

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