Albania: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Albania

October 21, 2011

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Format: Chicago

Albania: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Albania, (USA: International Monetary Fund, 2011) accessed December 25, 2024

Summary

The global crisis left Albania fairly unscathed and ushered in the needed economic rebalancing. The policy framework has been challenged in the post-crisis environment significant headwinds. Despite improvement, external imbalances remain elevated. Fiscal consolidation in terms of a more realistic macroeconomic framework will require credible measures and sustained efforts. Financial sector supervision and regulation will need to stay ahead of evolving challenges. Boosting productivity by attracting foreign investment is essential for higher sustainable growth.

Subject: Balance of payments, Banking, Current account deficits, Expenditure, External debt, Public debt, Revenue administration

Keywords: Bank profit, CR, Crisis, Crisis legacy, Current account deficits, Europe, Global, Government, Inflation expectation, Inflation risk, Inflation targeting framework, ISCR, Liquidity condition, Sound banking system

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/313
Stock No:

1ALBEA2011003
ISBN:

9781463922665
ISSN:

1934-7685

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