Albania: 2012 Article IV Consultation

January 11, 2013

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Format: Chicago

Albania: 2012 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 26, 2024

Summary

Despite a stern global financial crisis and fiscal imbalances within the country, Albania's prudent policies supported its economy to grow and safeguarded the soundness of the financial system. The Executive Board of the International Monetary Fund (IMF) encouraged the authorities to use prospective privatization receipts mainly for debt reduction and clearance of unpaid bills. The Directors recognized that financial risks remained elevated, and called for continued supervisory vigilance. They stressed the need to accelerate structural reforms in many areas to boost potential growth.

Subject: Banking, Credit, Financial institutions, Loans, Money, Nonperforming loans, Public debt, Revenue administration

Keywords: Albpetrol privatization, CR, Credit, Deficit, Draft budget, Europe, Global, Investment competitiveness, ISCR, Loans, Nonperforming loans, Privatization contract, Privatization receipts, Staff appraisal

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/007
Stock No:

1ALBEA2013001
ISBN:

9781475532418
ISSN:

1934-7685

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