IMF Staff Country Reports

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

July 18, 2007

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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, (USA: International Monetary Fund, 2007) accessed November 26, 2024

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.

Subject: Banking, Budget planning and preparation, Credit, External debt, Financial institutions, Loans, Money, Public debt, Revenue administration

Keywords: Albtelecom, Albtelecom dividend, Budget neutral, Capital transfer, CR, Credit, Discussion of Albania, Electricity company, Firm implementation plan, ISCR, Loans, Macroeconomic performance, Rate

Publication Details

  • Pages:

    81

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/244

  • Stock No:

    1ALBEA2007002

  • ISBN:

    9781451800906

  • ISSN:

    1934-7685

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