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Albania: 2018 First Post-Program Monitoring Discussions-Press Release and Staff Report

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  • International Monetary Fund

Abstract

This paper discusses First Post-Program Monitoring Discussions in 2018 with Albania. The Albanian economy has continued to strengthen, with real GDP growth at 3.8 percent (year-over-year) during 2017, reflecting strong domestic demand driven by a revival in construction, recovery in the labor market and household credit, and large energy-related foreign direct investment projects. Although the public-debt-to-GDP ratio declined, the pace of fiscal consolidation has slowed post-program, with arrears accumulating. Despite the favorable environment and positive short-term outlook, risks and vulnerabilities remain, emanating from high public debt, non-performing loans in the financial sector, and weaknesses in public institutions and the judicial system.

Suggested Citation

  • International Monetary Fund, 2018. "Albania: 2018 First Post-Program Monitoring Discussions-Press Release and Staff Report," IMF Staff Country Reports 2018/123, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2018/123
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    Cited by:

    1. Matuka, Adelajda, 2019. "Exchange Rate Pass-Through to Prices: VAR Evidence for Albania," MPRA Paper 92005, University Library of Munich, Germany.
    2. Izzet Alp Gul & Gülgün Kayakutlu & M. Özgür Kayalica, 2020. "Risk Analysis in Renewable Energy System (RES) Investment for a Developing Country: A Case Study in Pakistan," Arthaniti: Journal of Economic Theory and Practice, , vol. 19(2), pages 204-223, December.

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