Albania: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under Extended Arrangement, and Financing Assurances Review: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Albania
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Summary:
Albania’s Third Review Under the Three-Year Arrangement under the Poverty Reduction and Growth Facility is analyzed. Albania has reached a pivotal stage in its economic development. Increasing foreign direct investment and rapid financial sector development point to a faster convergence toward the emerging market income levels. The authorities will take revenue measures and use expenditure savings to fully cover the cost of stabilizing the state-owned electricity company’s financial position in 2007.These measures should ensure that priority expenditure is protected and budgetary safeguards remain adequate.
Series:
Country Report No. 2007/244
Subject:
Banking Budget planning and preparation Credit External debt Financial institutions Loans Money Public debt Revenue administration
English
Publication Date:
July 18, 2007
ISBN/ISSN:
9781451800906/1934-7685
Stock No:
1ALBEA2007002
Pages:
81
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