Albania: Staff Report for the 1999 Article IV Consultation, Request for the Second Annual Arrangement Under the Enhanced Structural Adjustment Facility, and Request for Augmentation
IMF Staff Country Reports, July 1, 1999
Source details
- Canonical URL
- Albania: Staff Report for the 1999 Article IV Consultation, Request for the Second Annual Arrangement Under the Enhanced Structural Adjustment Facility, and Request for Augmentation
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Bibliographic details
- Published: July 1, 1999
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451800623.002
Overview and main findings
- The paper reviews Albania’s 1999 Article IV Consultation, Request for the Second Annual Arrangement Under the Enhanced Structural Adjustment Facility, and a Request for Augmentation.
- Inflation fell to 2 percent in March 1999.
- The return to growth and low inflation reflected the government's adherence to strong fiscal consolidation efforts.
Fiscal and external sector adjustments
- Domestically financed component of the deficit:
- Reduced to 6.4 percent of GDP in 1998 from 10.8 percent of GDP in 1997.
- External current account deficit:
- Fell from 12 percent of GDP in 1997 to 6 percent of GDP.
Notable inclusions and related administrative notes
- Included with the Staff Report is the text of Public Information Notice No. 99/51--IMF Concludes Article IV Consultation with Albania.
Thematic coverage (subjects and keywords)
- Subject: Banking, Economic sectors, Expenditure, External debt, Imports, International trade, Monetary base, Money, Privatization
- Keywords: authorities endeavor, authorities' plan, CR, crisis need, enterprise, Europe, government, Imports, ISCR, Kosovo crisis, Monetary base, Privatization, pyramid scheme
Publication and document identifiers
- Publication date: July 1, 1999
- Pages: 67
- Volume: 1999
- Issue: 050
- Series: Country Report No. 1999/050
- DOI: https://doi.org/10.5089/9781451800623.002
- Stock No: 1ALBEA0011999
- ISBN: 9781451800623
- ISSN: 1934-7685
International Monetary Fund. "Albania: Staff Report for the 1999 Article IV Consultation, Request for the Second Annual Arrangement Under the Enhanced Structural Adjustment Facility, and Request for Augmentation", IMF Staff Country Reports 1999, 050 (1999), July 1, 1999.