Albania: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania

December 7, 2021

Preview Citation

Format: Chicago

Albania: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania, (USA: International Monetary Fund, 2021) accessed November 8, 2024

Summary

Albania’s economy has shown considerable resilience in the face of the 2019 earthquake and the pandemic. After the hardship endured in 2020, real GDP is rebounding strongly by a projected 7.8 percent in 2021. Policies have played a critical role in preserving lives and livelihoods and thereby paving the way for the recovery. The key challenges now are to invest efficiently in people and the economy to support the continued development of the country and to rebuild room for fiscal policy maneuver by lowering the very high fiscal deficit and public debt.

Subject: External debt, Fiscal policy, International organization, Labor, Minimum wages, Monetary policy, Public debt, Revenue administration

Keywords: Albanian economy, Economy firm, Europe, Financing assessment, Fiscal policy support, Fund surveillance, Global, IMF's transparency policy, Inflation expectation, Minimum wages

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/259
Stock No:

1ALBEA2021001
ISBN:

9781616356859
ISSN:

1934-7685

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