## Albania: Second Post-Program Monitoring Discussions-Press Release; and Staff Report

_IMF Staff Country Reports, July 3, 2019_

## Source details

**Canonical URL:** [Albania: Second Post-Program Monitoring Discussions-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2019/07/03/albania-second-post-program-monitoring-discussions-press-release-and-staff-report-47082)

## Other formats

- [Markdown version](/en/publications/cr/issues/2019/07/03/albania-second-post-program-monitoring-discussions-press-release-and-staff-report-47082/index.md)
- [Structured JSON version](/en/publications/cr/issues/2019/07/03/albania-second-post-program-monitoring-discussions-press-release-and-staff-report-47082/index.json)
- [Bundle manifest](/en/publications/cr/issues/2019/07/03/albania-second-post-program-monitoring-discussions-press-release-and-staff-report-47082/bundle-manifest.json)

## Bibliographic details
- Published: July 3, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498324069.002

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### Growth and inflation
- Growth was strong in 2018, backed by high electricity production.
- Inflation remains subdued, notwithstanding very accommodative monetary conditions.

### Fiscal sector and public debt
- The fiscal stance in 2018 was somewhat tighter than expected, supporting a further decline in public debt.
- The main vulnerabilities remain in the fiscal sector, as public debt is still high, and contingent liabilities are increasing.

### External sector and financing
- The medium-term outlook includes a further narrowing of the current account deficit.
- Albania’s relatively large financing needs pose risks that could materialize, in particular, in case of tightening external financing conditions.

### Outlook and projections
- The medium-term economic outlook is broadly favorable, with growth projected to converge to 4 percent.

### Risks and vulnerabilities
- Growth is vulnerable to a continued or sharper economic slowdown in the main trading partners.
- Significant risks remain stemming from high public debt, increasing contingent liabilities, and large financing needs that are sensitive to external financing conditions.

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## Content in this bundle

- **Albania**
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  - [Albania (PDF)](/-/media/files/publications/cr/2019/1albea2019003.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2019/07/03/albania-second-post-program-monitoring-discussions-press-release-and-staff-report-47082_