Albania: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under Extended Arrangement, and Financing Assurances Review

February 21, 2007

Preview Citation

Format: Chicago

Albania: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under Extended Arrangement, and Financing Assurances Review, (USA: International Monetary Fund, 2007) accessed November 28, 2024

Summary

This paper discusses key findings of the Second Review Under the Poverty Reduction and Growth Facility for Albania. The outlook for 2007 is positive, with growth projected at 6 percent. These developments owe much to good macroeconomic policies. All quantitative program targets were met. The 2007 budget is in line with the medium-term fiscal framework, which strikes a balance between reducing public debt and increasing priority expenditure. Progress in structural reform has been generally good. The program focuses on reducing fiscal vulnerabilities, improving budget management, and developing the financial system.

Subject: External debt, Financial institutions, Money, Public debt, Public financial management (PFM)

Keywords: Amount equivalent to SDR, CR, Credit, Equivalent of SDR, Executive Board's discussion of Albania, Feasibility study, Government, Government debt management, ISCR, Loans, Macroeconomic performance, PRGF arrangement, Privatization of a minority stake

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/075
Stock No:

1ALBEA2007001
ISBN:

9781451800890
ISSN:

1934-7685

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