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International Monetary Fund Lending Effectiveness: Case of Albania

Author

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  • Güngör Turan
  • Klevis Qazimllari

Abstract

The main aim of the paper is to analyze the effectiveness of IMF funds that Albania receives, and are they good sources to stimulate economic development, reduction of poverty, increase health and help environmental issues. In many countries IMF programs appear to be ineffective and also in Albania somehow, funds did not achieve to be the main source of development. But, it is not only IMF that makes the programs ineffective because very important factor in realization are official people working in corresponding countries, external shocks, policy changes and compatibility of programs with country public policies.

Suggested Citation

  • Güngör Turan & Klevis Qazimllari, 2015. "International Monetary Fund Lending Effectiveness: Case of Albania," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 4, December.
    • Handle: RePEc:bjz:ajisjr:1339
    DOI: 10.5901/ajis.2015.v4n3s1p205
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    References listed on IDEAS

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    1. Boockmann, Bernhard & Dreher, Axel, 2003. "The contribution of the IMF and the World Bank to economic freedom," European Journal of Political Economy, Elsevier, vol. 19(3), pages 633-649, September.
    2. Burcu Eke & Ali M. Kutan, 2009. "Are International Monetary Fund Programs Effective?: Evidence from East European Countries," Eastern European Economics, Taylor & Francis Journals, vol. 47(1), pages 5-28, January.
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