Albania: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under the Extended Arrangement, and Financing Assurances Review: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Albania

International Monetary Fund

No 2009/073, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for Albania’s Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility is presented. The economy has achieved robust noninflationary growth, albeit with increasing external imbalances, and has begun to tackle longstanding problems in the business environment. The upcoming elections risk diverting policymakers’ attention from stability-oriented policies. Despite significant buffers and inbuilt strengths of the financial sector, continued diligent supervision, high-frequency monitoring, and enhanced cooperation with foreign supervisors of resident banks will be needed to underpin prompt, proactive responses to changing circumstances.

Keywords: ISCR; CR; GDP data; staff appraisal; growth; inflation expectation; report; deposit withdrawal; financing condition; Loans; Arrears; Corporate income tax; Global (search for similar items in EconPapers)
Pages: 53
Date: 2009-02-27
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