Stabilization Policies and Structural Reforms in Albania Since 1997: Achievements And Remaining Challenges

Author/Editor:

Volker Treichel

Publication Date:

February 1, 2002

Electronic Access:

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Disclaimer: This Policy Dicussion Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper assesses the effectiveness of stabilization policies and structural reforms in Albania since 1997 and seeks to identify the remaining key challenges in various policy areas. It also draws lessons for other transition economies from the recent Albanian experience. While progress has been made toward macroeconomic stability and the establishment of a modern institutional framework, much remains to be done to enhance the sustainability of the recent favorable macroeconomic performance and reduce unemployment and poverty. Crucial areas of reform are the creation of functioning institutions, notably in the judicial field, and the establishment of a reliable supply of electricity, which has recently become an obstacle for rapid growth.

Series:

Policy Discussion Paper No. 2002/002

Subject:

Balance of payments Economic sectors Expenditure Inflation Prices Privatization Remittances Revenue administration

English

Publication Date:

February 1, 2002

ISBN/ISSN:

9781451974508/1564-5193

Stock No:

PPIEA0022002

Pages:

28

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