Albania: Fourth Review Under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria
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Summary:
This 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 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. 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.
Series:
Country Report No. 2015/129
Subject:
Arrears Banking External debt Oil prices Prices Public debt Revenue administration
English
Publication Date:
May 19, 2015
ISBN/ISSN:
9781513525310/1934-7685
Stock No:
1ALBEA2015002
Pages:
67
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