Albania: Staff Report for the 2000 Article IV Consultation and Second Review Under the Second Annual Arrangement Under the Poverty Reduction and Growth Facility

International Monetary Fund

No 2000/074, IMF Staff Country Reports from International Monetary Fund

Abstract: The Kosovo crisis in March 1999 and the large influx of refugees placed a considerable strain on the country. Progress in structural reforms has been significant considering the Kosovo crisis. The process of privatizing about 520 small and medium-size enterprises was completed, contracts were signed for the transfer of copper and chromium mines to foreign investors, and albeit with delay, the authorities’ recently signed agreement with investors on the privatization of the National Commercial Bank. Executive Directors commended the Albanian authorities for their policies to maintain macroeconomic stability.

Keywords: ISCR; CR; government; monetary policy; authorities endeavor; consultation; enterprise privatization program; Kosovo crisis; IMF's assessment; IMF to the public; Poverty reduction strategy; Privatization; Foreign direct investment; Europe (search for similar items in EconPapers)
Pages: 69
Date: 2000-06-23
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