Stabilization Policies and Structural Reforms in Albania Since 1997: Achievements And Remaining Challenges

February 1, 2002

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Volker Treichel. Stabilization Policies and Structural Reforms in Albania Since 1997: Achievements And Remaining Challenges, (USA: International Monetary Fund, 2002) accessed November 8, 2024

Disclaimer: This Policy Dicussion Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper assesses the effectiveness of stabilization policies and structural reforms in Albania since 1997 and seeks to identify the remaining key challenges in various policy areas. It also draws lessons for other transition economies from the recent Albanian experience. While progress has been made toward macroeconomic stability and the establishment of a modern institutional framework, much remains to be done to enhance the sustainability of the recent favorable macroeconomic performance and reduce unemployment and poverty. Crucial areas of reform are the creation of functioning institutions, notably in the judicial field, and the establishment of a reliable supply of electricity, which has recently become an obstacle for rapid growth.

Subject: Balance of payments, Economic sectors, Expenditure, Inflation, Prices, Privatization, Remittances, Revenue administration

Keywords: Albania, Company kesh, Demand shock, Eastern Europe, Electricity company kesh, Enterprise, Fiscal consolidation effort, Global, Government, Growth performance, Inflation, Macroeconomic stabilization, Medium-size enterprise, Monetary policy, PDP, Poverty-reduction objective, Privatization, Privatization receipt, Reform agenda, Remittances, Structural reform, Tourism potential, Transmission mechanism, Water supply company

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Policy Discussion Paper No. 2002/002
Stock No:

PPIEA0022002
ISBN:

9781451974508
ISSN:

1564-5193

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