Albania: Staff Report for the 2002 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Modification and Waiver of Performance Criterion

March 7, 2003

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Albania: Staff Report for the 2002 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Modification and Waiver of Performance Criterion, (USA: International Monetary Fund, 2003) accessed November 22, 2024

Summary

This paper examines Albania’s 2002 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Modification and Waiver of Performance Criterion. Economic growth appears to have fallen below a 7 percent estimated historical average, to 4.7 percent in 2002. High foreign investments and private remittances in 2001 have maintained robust import demand, reflected in a widening trade deficit in 2001 and the first half of 2002. The IMF staff supports the authorities’ request for completing the first program review and the request for a waiver.

Subject: Arrears, Banking, Debt service, External debt, Public debt, Revenue administration

Keywords: Arrears, CR, Customs, Debt service, Eastern Europe, EU Customs assistance mission, EU troika, Europe, Global, ISCR, PRGF arrangement, Reform process, Revenue performance

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/063
Stock No:

1ALBEA0012003
ISBN:

9781451800661
ISSN:

1934-7685

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