Albania: Fourth Review Under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria
IMF Staff Country Reports, May 19, 2015
Source details
- Canonical URL
- Albania: Fourth Review Under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria
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Bibliographic details
- Published: May 19, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513525310.002
Summary and program status
- Paper discusses Albania’s Fourth Review Under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria (PC).
- Economic recovery is under way, but growth remains below potential.
- The program is on track.
- All end-December 2014 and continuous PCs and most indicative targets were met, with comfortable margins.
- The IMF staff supports the completion of the Fourth Review under the Extended Arrangement, as well as the modification and waiver of applicability of PC.
Economic outlook and channels
- The low oil price is expected to have a muted effect on growth and on the balance of payments, as pass-through is weak and Albania is only a small net oil exporter.
Subjects and keywords
- Subject: Arrears, Banking, External debt, Oil prices, Prices, Public debt, Revenue administration
- Keywords: Arrears, arrears accumulation, arrears clearance, arrears payment, auditor, auditor's assessment, auditor's report, authorities request, CR, credit growth, General government operation, Global, ISCR, MoF website, Oil prices, program risk