Albania: 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information on the Executive Board Discussion; and Statement by the Executive Director for Albania

July 12, 2010

Preview Citation

Format: Chicago

Albania: 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information on the Executive Board Discussion; and Statement by the Executive Director for Albania, (USA: International Monetary Fund, 2010) accessed November 22, 2024

Summary

Albania enjoyed strong growth with comparatively benign external vulnerabilities before the crisis. Monetary policy provided timely support, and the exchange rate functioned as a shock absorber. However, policy buffers are now exhausted and must be rebuilt. Fiscal tightening has to be quickly effected. Medium-term fiscal policy should be governed by a credible and monitorable fiscal rule. The Albanian economy has to broaden its sources of growth and strengthen competitiveness. Sound macroeconomic statistics are essential for competent policy making and investor confidence.

Subject: Banking, Commercial banks, Credit, Expenditure, Financial institutions, Loans, Money, Nonperforming loans, Public debt

Keywords: Consumer price inflation, CR, Credit, Deficit, Deposit withdrawal, First quarter budget deficit, Global, Growth projection, Intention, ISCR, Loans, Nonperforming loans, Staff appraisal

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/205
Stock No:

1ALBEA2010001
ISBN:

9781455205608
ISSN:

1934-7685

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