Albania: Staff Report for the 2000 Article IV Consultation and Second Review Under the Second Annual Arrangement Under the Poverty Reduction and Growth Facility
June 23, 2000
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The Kosovo crisis in March 1999 and the large influx of refugees placed a considerable strain on the country. Progress in structural reforms has been significant considering the Kosovo crisis. The process of privatizing about 520 small and medium-size enterprises was completed, contracts were signed for the transfer of copper and chromium mines to foreign investors, and albeit with delay, the authorities’ recently signed agreement with investors on the privatization of the National Commercial Bank. Executive Directors commended the Albanian authorities for their policies to maintain macroeconomic stability.
Subject: Balance of payments, Banking, Economic sectors, Expenditure, Foreign direct investment, Poverty, Poverty reduction strategy, Privatization, Revenue administration
Keywords: authorities endeavor, consultation, CR, enterprise privatization program, Europe, Foreign direct investment, government, IMF to the public, IMF's assessment, ISCR, Kosovo crisis, monetary policy, Poverty reduction strategy, Privatization
Pages:
69
Volume:
2000
DOI:
---
Issue:
074
Series:
Country Report No. 2000/074
Stock No:
1ALBEA0012000
ISBN:
9781451800630
ISSN:
1934-7685
Notes
Included with the Staff Report is the text of Public Information Notice No. 00/43
