{ "title": "Albania Successfully Concludes Three-Year IMF-Supported Program", "publication": "IMF News, February 28, 2017", "sourceUrl": "https://www.imf.org/en/news/articles/2017/02/27/na270217-albania-successfully-concludes-3-year-support-program", "canonical": "https://www.imf.org/en/news/articles/2017/02/27/na270217-albania-successfully-concludes-3-year-support-program", "overlayPath": "/en/news/articles/2017/02/27/na270217-albania-successfully-concludes-3-year-support-program/index.md", "summary": "On February 24, Albania drew the last installment of a SDR 295.42 million ($400.4 million) credit line, successfully concluding its three-year program aimed at restoring economic growth and controlling the rapidly rising public debt.", "publishDate": "2017-02-28", "sections": [ { "heading": "Program conclusion and financing", "content": "- On February 24, Albania drew the last installment of a SDR 295.42 million ($400.4 million) credit line, successfully concluding its three-year program aimed at restoring economic growth and controlling the rapidly rising public debt." }, { "heading": "Key achievements of the program", "content": "- economic growth accelerated to over 3 percent;\n- the budget gap narrowed by 3 percent of GDP, helped mainly by growing tax revenues;\n- public debt declined from its peak of 73.7 percent;\n- government arrears have been mostly cleared;\n- the budget now records a surplus before payments of interest on the country’s debt;\n- the reform of the pension system and the electricity sector has advanced considerably, lowering the two sectors’ reliance on budget support;\n- the ratio of overdue bank loans fell and parliament agreed on a bankruptcy law to resolve the bad loans; and\n- overall fiscal and financial frameworks have been strengthened." }, { "heading": "IMF assessment and message", "content": "- “The program has successfully put Albania on a recovery path with sound public finances,” said Anita Tuladhar, the head of the IMF team for Albania.\n- The program strengthened the institutional framework, reduced vulnerabilities of the economy, and helped maintain economic stability despite difficult external conditions." }, { "heading": "Policy recommendations and remaining challenges", "content": "- continue efforts to lower the public debt and borrowing needs;\n- reform property tax and reduce tax exemptions;\n- make public financial management more efficient and modernize the tax administration;\n- resolve the overhang of overdue bank debt that impedes lending; and;\n- press ahead with the recently launched, EU-supported justice reform initiative and related structural reforms to address governance concerns and an inefficient justice system." }, { "heading": "Background context", "content": "- In 2014, Albania’s economic growth almost slowed to a halt as the economic crisis cut demand from Greece and Italy, its main trading partners.\n- At the same time, public debt surged and arrears accumulated due to election time splurges, an unsustainable pension system, and an unviable electricity sector.\n- The banking system, on which the government relied heavily for borrowing, had weakened due to a high ratio of overdue loans, increasing financing pressures.\n- The IMF loan aimed to help address these fiscal and financial challenges and restore economic growth in Albania." }, { "heading": "Main indicators of Albania", "content": "- GDP growth (percent): 2013 — 1.0; 2016 — 3.4\n- Primary balance (percent of GDP): 2013 — -2.0; 2016 — 0.2\n- Overall balance (percent of GDP): 2013 — -5.2; 2016 — -2.2\n- Tax revenues (percent of GDP): 2013 — 22.0; 2016 — 24.3\n- Non-performing loans (percent): 2013 — 23.5; 2016 — 20.4\n\nIMF News — Albania Successfully Concludes Three-Year IMF-Supported Program (February 28, 2017)\n\n---\n\n Content in this bundle\n\n- Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- https://www.imf.org/en/News/country-focus\n- PRESS CENTER\n- IMF Country Focus\n- credit line\n- Africa’s Inflation Among Region’s Most Urgent Challenges\n- How Countries Should Respond to the Strong Dollar\n- Fiscal Policy Can Help People Rebound From Cost of Living Crisis\n- Public Further Delaying Climate Policies Will Hurt Economic Growth\n- Global Food Crisis Demands Support for People, Open Trade, Bigger Local Harvests\n- Africa Food Prices Are Soaring Amid High Import Reliance\n- Public Sector Must Play Major Role in Catalyzing Private Climate Finance\n- Establishment of the Resilience and Sustainability Trust\n- Chart of the Week : Central Banks Hike Interest Rates in Sync to Tame Inflation Pressures\n- Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook\n- Sub-Saharan Africa Reveals Lessons for Governance\n- More African Central Banks Are Exploring Digital Currencies\n- Conference on the Promotion of Good Governance and Fight against Corruption\n- On the Looming Food Security Crisis in Africa\n- Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike\n- War Dims Global Economic Outlook as Inflation Accelerates\n- Restructuring Debt of Poorer Nations Requires More Efficient Coordination\n- Poor and Vulnerable Countries Need Support to Adapt to Climate Change\n- Pandemic Scars May be Twice as Deep for Students in Developing Countries\n- A Disrupted Global Recovery\n- Fragile and Conflict-Affected Economies Are Falling Further Behind\n- A New Trust to Help Countries Build Resilience and Sustainability\n- Support for Africa’s Vaccine Production is Good for the World\n- Global Debt Reaches a Record $226 Trillion\n- The G20 Common Framework for Debt Treatments Must Be Stepped Up\n- IMF MD’s Statement at the Paris Peace Forum on Increasing Support for Vulnerable Countries via SDR Rechanneling\n- Not Yet on Track: Climate Threat Demands More Ambitious Global Action\n- Joint Action Needed to Secure the Recovery\n- Seven Charts that Show Sub-Saharan Africa at a Crucial Point\n- Debt Service Relief for 24 Eligible Low-Income Countries\n- Putting Public Investment to Work\n- Coming Together\n- Drawing Further Apart: Widening Gaps in the Global Recovery\n- Stepping Up to Meet Low-Income Countries’ Pandemic Recovery Needs\n- The IMF Approves Policy Reforms and Funding Package to Better Support the Recovery of Low-Income Countries From the Pandemic\n- Urgent Action Needed to Address a Worsening ‘Two-Track’ Recovery\n- Seizing the Opportunity for a Pro-Growth, Post-Pandemic World\n- The Policymaker’s Trilemma\n- Achieving the Sustainable Development Goals Will Require Extraordinary Effort by All\n- Four Questions About Debt and Financing Risks from COVID-19 in the Middle East and North Africa\n- Six Charts Show the Challenges Faced by Sub-Saharan Africa\n- Funding the Recovery of Low-income Countries After COVID\n- Slow-Healing Scars: The Pandemic’s Legacy\n- Key to Resolving Covid’s Global Debt Crunch: Transparency\n- The Great Divergence: A Fork in the Road for the Global Economy\n- How Strong Infrastructure Governance Can End Waste in Public Investment\n- Healing the Fractures of the Global Economy\n- COVID-19: Without Help, Low-Income Developing Countries Risk a Lost Decade\n- Impact of Conflict and Political Instability on Banking Crises in Developing Economies\n- Reopening from the Great Lockdown: Uneven and Uncertain Recovery\n- How the IMF Can Help Countries Address the Economic Impact of Coronavirus\n- Emerging from the Great Lockdown in Asia and Europe\n- How Pandemics Leave the Poor Even Farther Behind\n- World Bank Group and IMF mobilize partners in the fight against COVID-19 in Africa\n- Six Charts Show How COVID-19 Is an Unprecedented Threat to Development in Sub-Saharan Africa\n- Fiscal Policies For Women’s Economic Empowerment\n- Regional Economic Outlook for sub-Saharan Africa 2030 Challenges and Opportunities for Mozambique\n- Building on South Asia's Economic Success\n- Latest Economic Developments in Latin America\n- The IMF’s Purpose: Delivering for People\n- How Elevated Global Uncertainty Is Creating Challenges for Sub-Saharan Africa\n- The World Economy: Synchronized Slowdown, Precarious Outlook\n- Realizing the Potential of the G20 Compact with Africa\n- Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development\n- Keeping Asia at the Forefront Amid Growing Risks\n- Managing Director's Statement on the Role of Fund Engagement in Fragile and Conflict-Affected States\n- IMF Releases the 2018 Financial Access Survey\n- IMF Executive Board Discusses 2018 Review of Facilities for Low-Income Countries\n- Policies to Ensure Asia's Sustained Economic Success\n- Sub-Saharan Africa: Firming Up the Economic Recovery\n- IMF Sets Out Policy Steps to Reduce Vulnerabilities and Raise Sub-Saharan Africa's Medium-Term Growth\n- Managing Debt Vulnerabilities in Low-Income and Developing Countries\n- Understanding Debt: A Better Tool for Low-Income Countries\n- Building a More Resilient and Inclusive Global Economy\n- Delivering on the 2030 Agenda\n- Slowing Global Growth Has Varied Effects on Low-Income Countries\n- Financing for Development: IMF's Role in the Post-2015 Agenda\n- Financing For Development: The Way Forward\n- Read the report\n- Read the press release\n- Albania and the IMF\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2017/02/27/na270217-albania-successfully-concludes-3-year-support-program" } ], "bullets": [ "[Markdown version](/en/news/articles/2017/02/27/na270217-albania-successfully-concludes-3-year-support-program/index.md)", "[Structured JSON version](/en/news/articles/2017/02/27/na270217-albania-successfully-concludes-3-year-support-program/index.json)", "[Bundle manifest](/en/news/articles/2017/02/27/na270217-albania-successfully-concludes-3-year-support-program/bundle-manifest.json)", "Published: February 28, 2017", "On February 24, Albania drew the last installment of a SDR 295.42 million ($400.4 million) credit line, successfully concluding its three-year program aimed at restoring economic growth and controlling the rapidly rising public debt.", "economic growth accelerated to over 3 percent;", "the budget gap narrowed by 3 percent of GDP, helped mainly by growing tax revenues;", "public debt declined from its peak of 73.7 percent;", "government arrears have been mostly cleared;", "the budget now records a surplus before payments of interest on the country’s debt;", "the reform of the pension system and the electricity sector has advanced considerably, lowering the two sectors’ reliance on budget support;", "the ratio of overdue bank loans fell and parliament agreed on a bankruptcy law to resolve the bad loans; and", "overall fiscal and financial frameworks have been strengthened.", "“The program has successfully put Albania on a recovery path with sound public finances,” said Anita Tuladhar, the head of the IMF team for Albania.", "The program strengthened the institutional framework, reduced vulnerabilities of the economy, and helped maintain economic stability despite difficult external conditions.", "continue efforts to lower the public debt and borrowing needs;", "reform property tax and reduce tax exemptions;", "make public financial management more efficient and modernize the tax administration;", "resolve the overhang of overdue bank debt that impedes lending; and;", "press ahead with the recently launched, EU-supported justice reform initiative and related structural reforms to address governance concerns and an inefficient justice system.", "In 2014, Albania’s economic growth almost slowed to a halt as the economic crisis cut demand from Greece and Italy, its main trading partners.", "At the same time, public debt surged and arrears accumulated due to election time splurges, an unsustainable pension system, and an unviable electricity sector.", "The banking system, on which the government relied heavily for borrowing, had weakened due to a high ratio of overdue loans, increasing financing pressures.", "The IMF loan aimed to help address these fiscal and financial challenges and restore economic growth in Albania.", "GDP growth (percent): 2013 — 1.0; 2016 — 3.4", "Primary balance (percent of GDP): 2013 — -2.0; 2016 — 0.2", "Overall balance (percent of GDP): 2013 — -5.2; 2016 — -2.2", "Tax revenues (percent of GDP): 2013 — 22.0; 2016 — 24.3", "Non-performing loans (percent): 2013 — 23.5; 2016 — 20.4", "[Country Report (PDF)](/external/pubs/ft/scr/2016/cr16142.pdf){rel=\"external\" type=\"application/pdf\"}", "[https://www.imf.org/en/News/country-focus](https://www.imf.org/en/News/country-focus)", "[PRESS CENTER](http://presscenter.imf.org/)", "[IMF Country Focus](https://www.imf.org/en/news/country-focus)", "[credit line](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/20/56/Extended-Fund-Facility)", "[Africa’s Inflation Among Region’s Most Urgent Challenges](https://www.imf.org/en/Blogs/Articles/2022/10/20/africas-inflation-among-regions-most-urgent-challenges)", "[How Countries Should Respond to the Strong Dollar](https://www.imf.org/en/Blogs/Articles/2022/10/14/how-countries-should-respond-to-the-strong-dollar)", "[Fiscal Policy Can Help People Rebound From Cost of Living Crisis](https://www.imf.org/en/Blogs/Articles/2022/10/12/fiscal-policy-can-help-people-rebound-from-cost-of-living-crisis)", "[Public Further Delaying Climate Policies Will Hurt Economic Growth](https://www.imf.org/en/Blogs/Articles/2022/10/05/further-delaying-climate-policies-will-hurt-economic-growth)", "[Global Food Crisis Demands Support for People, Open Trade, Bigger Local Harvests](https://www.imf.org/en/Blogs/Articles/2022/09/30/global-food-crisis-demands-support-for-people-open-trade-bigger-local-harvests)", "[Africa Food Prices Are Soaring Amid High Import Reliance](https://www.imf.org/en/Blogs/Articles/2022/09/26/africa-food-prices-are-soaring-amid-high-import-reliance)", "[Public Sector Must Play Major Role in Catalyzing Private Climate Finance](https://blogs.imf.org/2022/08/18/public-sector-must-play-major-role-in-catalyzing-private-climate-finance/)", "[Establishment of the Resilience and Sustainability Trust](https://www.imf.org/en/News/Articles/2022/04/18/pr22119-imf-executive-board-approves-establishment-of-the-rst)", "[Chart of the Week : Central Banks Hike Interest Rates in Sync to Tame Inflation Pressures](https://www.imf.org/en/News/Chart-of-the-week)", "[Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook](https://blogs.imf.org/2022/07/26/global-economic-growth-slows-amid-gloomy-and-more-uncertain-outlook/)", "[Sub-Saharan Africa Reveals Lessons for Governance](https://www.imf.org/en/News/Articles/2022/06/22/CF-SSA-Lessons-for-Governance)", "[More African Central Banks Are Exploring Digital Currencies](https://blogs.imf.org/2022/06/23/more-african-central-banks-are-exploring-digital-currencies/)", "[Conference on the Promotion of Good Governance and Fight against Corruption](https://www.imf.org/en/News/Articles/2022/06/15/pr22200-conference-on-the-promotion-of-good-governance-and-fight-against-corruption)", "[On the Looming Food Security Crisis in Africa](https://www.imf.org/en/News/Articles/2022/05/19/sp051922-emergency-meeting-on-the-looming-food-security-crisis-in-africa)", "[Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike](https://blogs.imf.org/2022/04/20/governments-need-agile-fiscal-policies-as-food-and-fuel-prices-spike/)", "[War Dims Global Economic Outlook as Inflation Accelerates](https://blogs.imf.org/2022/04/19/war-dims-global-economic-outlook-as-inflation-accelerates/)", "[Restructuring Debt of Poorer Nations Requires More Efficient Coordination](https://blogs.imf.org/2022/04/07/restructuring-debt-of-poorer-nations-requires-more-efficient-coordination/)", "[Poor and Vulnerable Countries Need Support to Adapt to Climate Change](https://blogs.imf.org/2022/03/23/poor-and-vulnerable-countries-need-support-to-adapt-to-climate-change/)", "[Pandemic Scars May be Twice as Deep for Students in Developing Countries](https://blogs.imf.org/2022/02/03/pandemic-scars-may-be-twice-as-deep-for-students-in-developing-countries/)", "[A Disrupted Global Recovery](https://blogs.imf.org/2022/01/25/a-disrupted-global-recovery/)", "[Fragile and Conflict-Affected Economies Are Falling Further Behind](https://blogs.imf.org/2022/01/21/fragile-and-conflict-affected-economies-are-falling-further-behind/)", "[A New Trust to Help Countries Build Resilience and Sustainability](https://blogs.imf.org/2022/01/20/a-new-trust-to-help-countries-build-resilience-and-sustainability/)", "[Support for Africa’s Vaccine Production is Good for the World](https://blogs.imf.org/2022/01/12/support-for-africas-vaccine-production-is-good-for-the-world/)", "[Global Debt Reaches a Record $226 Trillion](https://blogs.imf.org/2021/12/15/global-debt-reaches-a-record-226-trillion/)", "[The G20 Common Framework for Debt Treatments Must Be Stepped Up](https://blogs.imf.org/2021/12/02/the-g20-common-framework-for-debt-treatments-must-be-stepped-up/)", "[IMF MD’s Statement at the Paris Peace Forum on Increasing Support for Vulnerable Countries via SDR Rechanneling](https://www.imf.org/en/News/Articles/2021/11/11/pr21330-imf-md-statement-at-the-paris-peace-forum)", "[Not Yet on Track: Climate Threat Demands More Ambitious Global Action](https://blogs.imf.org/2021/10/31/not-yet-on-track-for-net-zero-climate-threats-demands-more-ambitious-global-action/)", "[Joint Action Needed to Secure the Recovery](https://blogs.imf.org/2021/10/27/joint-action-needed-to-secure-the-recovery/)", "[Seven Charts that Show Sub-Saharan Africa at a Crucial Point](https://www.imf.org/en/News/Articles/2021/10/20/na102021-seven-charts-that-show-sub-saharan-africa-at-a-crucial-point)", "[Debt Service Relief for 24 Eligible Low-Income Countries](https://www.imf.org/en/News/Articles/2021/10/08/pr21291-the-imf-executive-board-extends-debt-service-relief-24-eligible-low-income-countries)", "[Putting Public Investment to Work](https://blogs.imf.org/2021/08/11/putting-public-investment-to-work/?utm_medium=email&utm_source=govdelivery)", "[Coming Together](https://blogs.imf.org/2021/08/10/coming-together/)", "[Drawing Further Apart: Widening Gaps in the Global Recovery](https://blogs.imf.org/2021/07/27/drawing-further-apart-widening-gaps-in-the-global-recovery/)", "[Stepping Up to Meet Low-Income Countries’ Pandemic Recovery Needs](https://blogs.imf.org/2021/07/26/stepping-up-to-meet-low-income-countries-pandemic-recovery-needs/)", "[The IMF Approves Policy Reforms and Funding Package to Better Support the Recovery of Low-Income Countries From the Pandemic](https://www.imf.org/en/News/Articles/2021/07/22/pr21222-imf-approves-policy-reforms-funding-package-support-low-income-countries-from-pandemic)", "[Urgent Action Needed to Address a Worsening ‘Two-Track’ Recovery](https://blogs.imf.org/2021/07/07/urgent-action-needed-to-address-a-worsening-two-track-recovery/)", "[Seizing the Opportunity for a Pro-Growth, Post-Pandemic World](https://blogs.imf.org/2021/07/20/seizing-the-opportunity-for-a-pro-growth-post-pandemic-world/)", "[The Policymaker’s Trilemma](https://blogs.imf.org/2021/05/12/the-policymakers-trilemma/)", "[Achieving the Sustainable Development Goals Will Require Extraordinary Effort by All](https://blogs.imf.org/2021/04/29/achieving-the-sustainable-development-goals-will-require-extraordinary-effort-by-all/)", "[Four Questions About Debt and Financing Risks from COVID-19 in the Middle East and North Africa](https://www.imf.org/en/News/Articles/2021/04/27/na042821-4-questions-about-debt-and-financing-risks-from-covid-19-in-mena)", "[Six Charts Show the Challenges Faced by Sub-Saharan Africa](https://www.imf.org/en/News/Articles/2021/04/12/na041521-six-charts-show-the-challenges-faced-by-sub-saharan-africa)", "[Funding the Recovery of Low-income Countries After COVID](https://blogs.imf.org/2021/04/05/funding-the-recovery-of-low-income-countries-after-covid/)", "[Slow-Healing Scars: The Pandemic’s Legacy](https://blogs.imf.org/2021/03/31/slow-healing-scars-the-pandemics-legacy/)", "[Key to Resolving Covid’s Global Debt Crunch: Transparency](https://www.imf.org/en/News/Articles/2021/03/12/vc-key-to-resolving-covid-s-global-debt-crunch-transparency)", "[The Great Divergence: A Fork in the Road for the Global Economy](https://blogs.imf.org/2021/02/24/the-great-divergence-a-fork-in-the-road-for-the-global-economy/)", "[How Strong Infrastructure Governance Can End Waste in Public Investment](https://blogs.imf.org/2020/09/03/how-strong-infrastructure-governance-can-end-waste-in-public-investment/)", "[Healing the Fractures of the Global Economy](https://blogs.imf.org/2020/09/01/healing-the-fractures-of-the-global-economy/)", "[COVID-19: Without Help, Low-Income Developing Countries Risk a Lost Decade](https://blogs.imf.org/2020/08/27/covid-19-without-help-low-income-developing-countries-risk-a-lost-decade/)", "[Impact of Conflict and Political Instability on Banking Crises in Developing Economies](https://blogs.imf.org/2020/07/29/impact-of-conflict-and-political-instability-on-banking-crises-in-developing-economies/)", "[Reopening from the Great Lockdown: Uneven and Uncertain Recovery](https://blogs.imf.org/2020/06/03/courage-under-fire-policy-responses-in-emerging-market-and-developing-economies-to-the-covid-19-pandemic/)", "[How the IMF Can Help Countries Address the Economic Impact of Coronavirus](https://www.imf.org/en/About/Factsheets/Sheets/2020/02/28/how-the-imf-can-help-countries-address-the-economic-impact-of-coronavirus)", "[Emerging from the Great Lockdown in Asia and Europe](https://blogs.imf.org/2020/05/12/emerging-from-the-great-lockdown-in-asia-and-europe/)", "[How Pandemics Leave the Poor Even Farther Behind](https://blogs.imf.org/2020/05/11/how-pandemics-leave-the-poor-even-farther-behind/)", "[World Bank Group and IMF mobilize partners in the fight against COVID-19 in Africa](https://www.imf.org/en/News/Articles/2020/04/17/pr20168-world-bank-group-and-imf-mobilize-partners-in-the-fight-against-covid-19-in-africa)", "[Six Charts Show How COVID-19 Is an Unprecedented Threat to Development in Sub-Saharan Africa](https://www.imf.org/en/News/Articles/2020/04/13/na0413202-six-charts-show-how-covid-19-is-an-unprecedented-threat-to)", "[Fiscal Policies For Women’s Economic 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Africa](https://www.imf.org/en/News/Articles/2019/10/17/na1819six-charts-on-how-elevated-global-uncertainty-is-creating-challenges-for-sub-saharan-africa)", "[The World Economy: Synchronized Slowdown, Precarious Outlook](https://blogs.imf.org/2019/10/15/the-world-economy-synchronized-slowdown-precarious-outlook/)", "[Realizing the Potential of the G20 Compact with Africa](https://blogs.imf.org/2018/10/30/realizing-the-potential-of-the-g20-compact-with-africa/)", "[Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development](https://www.imf.org/en/News/Articles/2018/10/11/cm-intergovernmental-group-of-twenty-four-on-international-monetary-affairs-and-development)", "[Keeping Asia at the Forefront Amid Growing Risks](https://www.imf.org/en/News/Articles/2018/10/10/NA091118-Keeping-Asia-at-the-Forefront-Amid-Growing-Risks)", "[Managing Director's Statement on the Role of Fund Engagement in Fragile and Conflict-Affected States](https://www.imf.org/en/News/Articles/2018/10/04/pr18378-md-statement-on-the-role-of-fund-engagement-in-fragile-conflict-affected-states)", "[IMF Releases the 2018 Financial Access Survey](https://www.imf.org/en/News/Articles/2018/09/28/pr18366-imf-releases-the-2018-financial-access-survey)", "[IMF Executive Board Discusses 2018 Review of Facilities for Low-Income Countries](https://www.imf.org/en/News/Articles/2018/08/01/pr18325-imf-executive-board-discusses-2018-review-of-facilities-for-low-income-countries)", "[Policies to Ensure Asia's Sustained Economic Success](http://www.imf.org/en/news/articles/2018/05/24/sp052518-policies-to-ensure-asia-s-sustained-economic-success)", "[Sub-Saharan Africa: Firming Up the Economic Recovery](http://www.imf.org/en/news/articles/2018/05/11/na051118-sub-saharan-africa-firming-up-the-economic-recovery)", "[IMF Sets Out Policy Steps to Reduce Vulnerabilities and Raise Sub-Saharan Africa's Medium-Term Growth](http://www.imf.org/en/news/articles/2018/05/08/pr18161-imf-sets-out-policy-steps-to-reduce-vulnerabilities-and-raise-sub-saharan-africa)", "[Managing Debt Vulnerabilities in Low-Income and Developing Countries](https://blogs.imf.org/2018/03/22/managing-debt-vulnerabilities-in-low-income-and-developing-countries/)", "[Understanding Debt: A Better Tool for Low-Income Countries](http://www.imf.org/en/news/articles/2017/10/02/na100217-understanding-debt-a-better-tool-for-low-income-countries)", "[Building a More Resilient and Inclusive Global Economy](http://www.imf.org/en/news/articles/2017/04/07/building-a-more-resilient-and-inclusive-global-economy-a-speech-by-christine-lagarde)", "[Delivering on the 2030 Agenda](http://www.imf.org/en/news/articles/2016/10/09/pr16455-delivering-on-the-2030-agenda)", "[Slowing Global Growth Has Varied Effects on Low-Income Countries](http://www.imf.org/external/pubs/ft/survey/so/2015/CAR121715A.htm)", "[Financing for Development: IMF's Role in the Post-2015 Agenda](http://www.imf.org/external/pubs/ft/survey/so/2015/pOL070815A.htm)", "[Financing For Development: The Way Forward](http://www.imf.org/external/pubs/ft/survey/so/2015/new041915a.htm)", "[Read the report](http://www.imf.org/en/Publications/CR/Issues/2017/02/28/Albania-Ninth-and-Tenth-Reviews-Under-the-Extended-Arrangement-and-Proposal-for-Post-44712)", "[Read the press release](http://www.imf.org/en/News/Articles/2017/02/24/pr1761-Albania-IMF-Executive-Board-Completes-Final-Reviews-of-the-Extended-Arrangement-Under-the-EFF)", "[Albania and the IMF](http://www.imf.org/external/country/ALB/)", "[https://www.imf.org/en/home](https://www.imf.org/en/home)" ], "related": [ { "title": "Country Report", "role": "report", "sourceUrl": "http://www.imf.org/external/pubs/ft/scr/2016/cr16142.pdf", "binary": { "path": "/external/pubs/ft/scr/2016/cr16142.pdf", "mime": "application/pdf" } } ], "alternates": { "markdown": 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