Albania: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

July 5, 2002

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Albania: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2002) accessed September 19, 2024

Summary

This paper evaluates Albania’s Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Sound financial policies under the previous PRGF-supported program helped stabilize the economy and restore high growth, but poverty remains widespread. The authorities’ medium-term strategy aims to promote inclusive growth, as the country continues to be plagued by poverty. The proposed PRGF arrangement is justified by the authorities’ commendable performance under the previous PRGF arrangement and their strong measures for addressing the remaining policy challenges.

Subject: Arrears, Banking, Expenditure, External debt, Poverty, Poverty reduction strategy, Public debt

Keywords: Albania, Arrears, Board decision, CR, Endorsement of Albania's Growth and Poverty Reduction Strategy, Europe, Global, ISCR, Poverty reduction strategy, PRGF arrangement, PRGF from the IMF, World Bank Executive Board's endorsement

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/135
Stock No:

1ALBEA0012002
ISBN:

9781451800654
ISSN:

1934-7685

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