Albania: Eighth Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Press Release and Staff Report

September 9, 2016

Preview Citation

Format: Chicago

Albania: Eighth Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Press Release and Staff Report, (USA: International Monetary Fund, 2016) accessed November 22, 2024

Summary

This paper discusses Albania’s Eighth Review Under the Extended Arrangement and Request for Modification of Performance Criteria . All performance criteria at the end of April 2016 were met with comfortable margins, and good progress has been made on the structural reform agenda. 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. The IMF staff supports the completion of the Eighth Review under the Extended Arrangement.

Subject: Arrears, External debt, Fiscal policy, Fiscal stance, Public debt, Revenue administration

Keywords: Arrears, CR, Credit growth, Disbursement of SDR, Fiscal stance, Foreign currency, General government operation, Growth, ISCR, Power sector, SDR

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/289
Stock No:

1ALBEA2016005
ISBN:

9781475532807
ISSN:

1934-7685

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