Albania: Staff Report for the 2013 Article IV Consultation and Request for Extended Arrangement

International Monetary Fund

No 2014/078, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2013 Article IV Consultation for Albania focuses on economic developments and policies that have led to weakening and imbalance of the economy. It highlights that high nonperforming loans (NPLs) are constraining credit growth, and weak external drivers are preventing a sustained reduction in external imbalances. Reduction in NPLs would safeguard financial stability and help release credit supply constraints by lowering bank risk aversion. The authorities have requested a three-year arrangement with proposed access equivalent to SDR 295.42 million.

Keywords: ISCR; CR; staff appraisal; SDR; authority; revenue collection; nontax revenue; profitability of the banking system; government arrears; Albania's ability; Arrears; Nonperforming loans; Loans; Global; Eastern Europe; Southern Europe; Europe (search for similar items in EconPapers)
Pages: 113
Date: 2014-03-19
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