Albania: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review

July 16, 2004

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Format: Chicago

Albania: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review, (USA: International Monetary Fund, 2004) accessed November 24, 2024

Summary

This paper focuses on Albania’s Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review. Performance since the third review has been satisfactory overall, although 2003 fiscal revenue fell short of the ambitious budget targets. All quantitative performance criteria for end-March 2004 were met. The end-December 2003 indicative target for net credit to government was also met substantially despite revenue and external assistance.

Subject: Banking, Budget planning and preparation, Expenditure, External debt, Public debt, Public financial management (PFM), Revenue administration

Keywords: Authority, Broad money, Budget planning and preparation, CR, Europe, Global, Implementation, Investment barrier, ISCR, PRGF, PRGF arrangement, PRGF loan, Private-sector activity, Privatization process, Revenue, Revenue-enhancing tax policy measure

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/206
Stock No:

1ALBEA0042004
ISBN:

9781451800760
ISSN:

1934-7685

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