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  • International Monetary Fund. European Dept.
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    Despite a stern global financial crisis and fiscal imbalances within the country, Albania's prudent policies supported its economy to grow and safeguarded the soundness of the financial system. The Executive Board of the International Monetary Fund (IMF) encouraged the authorities to use prospective privatization receipts mainly for debt reduction and clearance of unpaid bills. The Directors recognized that financial risks remained elevated, and called for continued supervisory vigilance. They stressed the need to accelerate structural reforms in many areas to boost potential growth.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 13/7.

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    Length: 68
    Date of creation: 11 Jan 2013
    Date of revision:
    Handle: RePEc:imf:imfscr:13/7

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    Keywords: Article IV consultation reports; Economic growth; Fiscal policy; Fiscal consolidation; Public finance; Fiscal reforms; Banking sector; Monetary policy; Inflation targeting; Debt sustainability analysis; Staff Reports; Public information notices; Albania; public debt; current account; external debt; debt sustainability; domestic debt; debt stock; current account deficit; current account balance; external borrowing; domestic currency; public sector debt; central bank; public finances; debt service; debt dynamics; long-term debt; balance of payments; short-term debt; external debt sustainability; commercial debt; debt ratio; government debt; long-term loans; external financing; bilateral loans; domestic public debt; total external debt; multilateral loans; external funding; domestic debt market; debt market; private credit; external debt service; tax rates; domestic financing; private external debt; current account adjustment; domestic debt stock; domestic borrowing; external shock; public and publicly guaranteed debt; debt burden; increases in tax rates; tax system; public and publicly guaranteed; balance sheet effect;

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