Albania: Fourth Review Under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria

May 19, 2015

Preview Citation

Format: Chicago

Albania: Fourth Review Under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria, (USA: International Monetary Fund, 2015) accessed November 26, 2024

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.

Subject: Arrears, Banking, External debt, Oil prices, Prices, Public debt, Revenue administration

Keywords: Arrears, Arrears accumulation, Arrears clearance, Arrears payment, Auditor, Auditor's assessment, Auditor's report, Authorities request, CR, Credit growth, General government operation, Global, ISCR, MoF website, Oil prices, Program risk

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/129
Stock No:

1ALBEA2015002
ISBN:

9781513525310
ISSN:

1934-7685

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