Albania: 2018 First Post-Program Monitoring Discussions-Press Release and Staff Report
IMF Staff Country Reports, May 21, 2018
Source details
- Canonical URL
- Albania: 2018 First Post-Program Monitoring Discussions-Press Release and Staff Report
Other formats
Bibliographic details
- Published: May 21, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484357071.002
Economic performance and outlook
- Real GDP growth at 3.8 percent (year-over-year) during 2017.
- Growth drivers identified:
- Strong domestic demand.
- Revival in construction.
- Recovery in the labor market and household credit.
- Large energy-related foreign direct investment projects.
- Short-term outlook described as favorable.
Fiscal position and public debt
- Public-debt-to-GDP ratio declined (no other numeric value provided).
- Pace of fiscal consolidation has slowed post-program.
- Arrears have been accumulating.
Financial sector and other vulnerabilities
- Risks and vulnerabilities remain despite favorable environment, emanating from:
- High public debt.
- Non-performing loans in the financial sector.
- Weaknesses in public institutions and the judicial system.
Subject areas and keywords highlighted
- Subject: Arrears, Banking, Expenditure, External debt, Public debt, Public investment and public-private partnerships (PPP), Revenue administration.
- Keywords: Arrears, arrears accumulation, boa repo rate, broad money, CR, debt, GDP, growth prospect, IMF staff estimate, ISCR, NPL ratio, project appraisal, Public investment and public-private partnerships (PPP), rate, unbudgeted investment project, VAT refund process.
Publication metadata and access
- Publication date: May 21, 2018.
- Pages: 50.
- Volume: 2018.
- Issue: 123.
- Series: Country Report No. 2018/123.
- DOI: https://doi.org/10.5089/9781484357071.002.
- ISBN: 9781484357071.
- ISSN: 1934-7685.
International Monetary Fund. Albania: 2018 First Post-Program Monitoring Discussions-Press Release and Staff Report (IMF Staff Country Reports 2018, 123).
Content in this bundle
- Country Report