European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Introduction; II. Background and Recent Developments; III. Report on the Discussions; A. Macroeconomic Outlook; B. Fiscal Policy; C. Monetary Policy and Financial Stability; D. Structural Policies; IV. Staff Appraisal; Boxes; 1. Albania's Third PRGF/EFF-Supported Program: Objectives and Achievements; 2. Pension Reform and Combating Informality; 3. Privatization in the Power Sector; Figures; 1. Comparative Economic Performance Over the Program Period, 2006-08; 2. Business Climate Indicators, December 2005-October 2008; 3. External Sector Indicators, 2001-08
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (54 p.)
Specific Material Designation
Form Of Item

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