Albania: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania

December 13, 2017

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Format: Chicago

Albania: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania, (USA: International Monetary Fund, 2017) accessed November 2, 2024

Summary

This 2017 Article IV Consultation highlights that Albania’s economy continues to strengthen, benefitting from rising domestic demand, large energy-related foreign direct investment (FDI), and a recovery in key European Union (EU) trading partners. The declining output gap and pass-through of higher external inflation have pushed up inflation to just under 2 percent. Short-term external vulnerabilities are limited, as the current account deficit is predominantly funded by concessional borrowing and large FDI inflows, while official foreign reserves are ample. The medium-term outlook remains favorable. GDP growth is projected to accelerate to about 4 percent, driven by continued strong domestic demand, reforms that improve the business climate, and a strengthening EU recovery.

Subject: Arrears, Banking, Expenditure, External debt, Public debt, Public investment and public-private partnerships (PPP), Revenue administration

Keywords: Arrears, CR, Deficit, Energy sector spending, Energy sector subsidy, Energy sector support, Energy spending, Europe, FDI inflow, Global, IMF baseline, IMF staff estimate, ISCR, Public investment and public-private partnerships (PPP)

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/373
Stock No:

1ALBEA2017002
ISBN:

9781484332573
ISSN:

1934-7685

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