Albania: Technical Assistance Report–Monetary and Financial Statistics and Financial Accounts Mission
IMF Staff Country Reports, October 3, 2019
Source details
- Canonical URL
- Albania: Technical Assistance Report–Monetary and Financial Statistics and Financial Accounts Mission
Other formats
Bibliographic details
- Published: October 3, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513516387.002
Scope and objectives
- Compile and disseminate flow-based monetary and financial statistics (MFS) for:
- the central bank
- other depository corporations (ODCs)
- other financial corporations (OFCs)
- Compile and disseminate quarterly financial accounts by institutional sectors.
- Develop a from-whom/to-whom matrix for financial instruments.
- Review the quality of Albania’s flow-based MFS, sectoral financial accounts, and balance sheets, and provide technical guidance to improve their quality.
Key findings and analytical importance
- The Monetary Policy Committee has requested flow-based monetary statistics as an additional vehicle to understand money and credit developments in the Albanian economy.
- Financial accounts by sector and financial balance sheets are considered increasingly important for analysis of financial stability and other macroeconomic developments.
- The mission reviewed existing practices and provided technical guidance aimed at improving the quality of MFS, sectoral financial accounts, and balance sheets.
Recommendations and implementation timeline
- The mission recommended that the Bank of Albania (BOA) begins compiling quarterly sectoral financial accounts and balance sheets by mid-2021, starting with data from the first quarter of 2017.
Content in this bundle
- 1. Priority Recommendations