Albania: Second and Third Reviews Under the Extended Arrangement and Request for Waiver for the Nonobservance of Performance Criterion, Waiver of Applicability of Performance Criteria, and Rephasing of Future Disbursements

International Monetary Fund

No 2015/048, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Albania’s Second and Third Reviews Under the Extended Arrangement and Request for Waiver for the Nonobservance of Performance Criterion, Waiver of Applicability of PCs, and Rephasing of Future Disbursements. The program is on track. All end-June, end-September, and available end-December quantitative PCs were met. However, the continuous PC on the accumulation of external arrears was not observed because of technical delay with one interest payment. The IMF staff supports the authorities’ request for the completion of the second and third reviews under the Extended Arrangement, waiver of applicability of PCs, and rephasing of future disbursements.

Keywords: ISCR; CR; soundness data; staff appraisal; governor of the Bank of Albania; NPL portfolio; Albania's parliament; NPL ratio; Arrears; Energy sector (search for similar items in EconPapers)
Pages: 78
Date: 2015-02-26
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