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Albania :, Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under 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

Albania’s Third Review Under the Three-Year Arrangement under the Poverty Reduction and Growth Facility is analyzed. Albania has reached a pivotal stage in its economic development. Increasing foreign direct investment and rapid financial sector development point to a faster convergence toward the emerging market income levels. The authorities will take revenue measures and use expenditure savings to fully cover the cost of stabilizing the state-owned electricity company’s financial position in 2007.These measures should ensure that priority expenditure is protected and budgetary safeguards remain adequate
Table Of Contents
Cover; Contents; List of Acronyms; I. Introduction; II. Performance Under the Program; III. Program Discussions; A. Economic Outlook; B. Electricity Sector; C. Fiscal Issues; D. Monetary Policy and Financial Stability; E. Other Structural Reforms; F. Program Issues; IV. Staff Appraisal; Figures; 1. Price Developments, December 2005-April 2007; 2. Evolution of Private Sector Credit, December 2003-April 2007; Tables; 1. Basic Indicators and Macroeconomic Framework, 2003-12; 2a. Balance of Payments, 2003-12 (In percent of GDP); 2b. Balance of Payments, 2003-12 (In millions of Euros)
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (82 p.)
Specific Material Designation
Form Of Item

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