Albania: Eighth Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Press Release and Staff Report
IMF Staff Country Reports, September 9, 2016
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- Albania: Eighth Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Press Release and Staff Report
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Bibliographic details
- Published: September 9, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475532807.002
Review outcome and staff recommendation
- All performance criteria at the end of April 2016 were met with comfortable margins.
- The IMF staff supports the completion of the Eighth Review under the Extended Arrangement.
- The paper discusses a Request for Modification of Performance Criteria.
Recent macroeconomic developments and outlook
- The economic recovery is strengthening, supported by large energy-related investments and a gradual recovery in domestic demand.
- The current account deficit is widening owing to import-intensive foreign direct investment.
- Inflation is recovering from very low levels, although underlying inflation pressure remains weak.
Structural reforms and fiscal position
- Good progress has been made on the structural reform agenda.
- Subject tags in the report include: Arrears, External debt, Fiscal policy, Fiscal stance, Public debt, Revenue administration.
- Keywords in the report include: Arrears, CR, credit growth, disbursement of SDR, Fiscal stance, foreign currency, General government operation, growth, ISCR, power sector, SDR.