Albania: 2023 Article IV Consultation-Press Release and Staff Report

January 12, 2024

Preview Citation

Format: Chicago

Albania: 2023 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2024) accessed November 8, 2024

Summary

The Albanian economy has emerged as one of the stronger performers in the region. The rising role of tourism has boosted confidence in the country’s prospects, a factor partly reflected in the steady appreciation of the lek. While growth is moderating, it is expected to remain robust at around 3½ and 3¼ percent, respectively, in 2023 and 2024. Inflation is gradually declining though it remains above the central bank’s target amid tight labor markets. Medium-term prospects, however, are constrained by structural challenges, including shortfalls in the rule of law and emigration pressures.

Subject: Currencies, External debt, Fiscal policy, International organization, Monetary policy, Money, Public debt, Revenue administration

Keywords: Budgetary funds, Currencies, EU accession prospect, Europe, Foreign currency, General government operation, Global, Headline inflation, Liability positions vis-à-vis nonresident, Policy rate increase

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/007
Stock No:

1ALBEA2024001
ISBN:

9798400263484
ISSN:

1934-7685

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