Albania : Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Review Under the 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.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2009/073

IMF Staff Country Reports

Language:

English

Subjects (All):

Albania--Economic conditions--1992.

Fiscal policy--Albania.

International monetary fund--Albania.

Monetary policy--Albania.

Local Subjects:

Albania--Economic conditions--1992.

Fiscal policy--Albania.

International monetary fund--Albania.

Monetary policy--Albania.

Physical Description:

1 online resource (54 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2009.

Language Note:

English

Summary:

The staff report for Albania’s Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility is presented. The economy has achieved robust noninflationary growth, albeit with increasing external imbalances, and has begun to tackle longstanding problems in the business environment. The upcoming elections risk diverting policymakers’ attention from stability-oriented policies. Despite significant buffers and inbuilt strengths of the financial sector, continued diligent supervision, high-frequency monitoring, and enhanced cooperation with foreign supervisors of resident banks will be needed to underpin prompt, proactive responses to changing circumstances.

Contents:

Cover; Contents; I. Introduction; II. Background and Recent Developments; III. Report on the Discussions; A. Macroeconomic Outlook; B. Fiscal Policy; C. Monetary Policy and Financial Stability; D. Structural Policies; IV. Staff Appraisal; Boxes; 1. Albania's Third PRGF/EFF-Supported Program: Objectives and Achievements; 2. Pension Reform and Combating Informality; 3. Privatization in the Power Sector; Figures; 1. Comparative Economic Performance Over the Program Period, 2006-08; 2. Business Climate Indicators, December 2005-October 2008; 3. External Sector Indicators, 2001-08

4. Characteristics of Albanian Banking SectorTables; 1. Basic Indicators and Macroeconomic Framework, 2006-13; 2. Balance of Payments, 2003-13 (Percent of GDP); 3. Balance of Payments, 2003-13 (Millions of Euros); 4. Monetary Aggregates, 2004-13 (Percent of GDP); 5. Monetary Aggregates, 2004-13 (Billions of leks); 6. Quantitative Performance Criteria and Indicative Targets, June 2008-December 2008; 7. Structural Benchmarks under the PRGF and EFF Arrangements; 8. General Government Operations, 2006-13 (Percent of GDP); 9. General Government Operations, 2006-13 (Billions of lek)

10. IMF Core Indicators of Financial Soundness, December 2003-September 200811. External Financing Requirement and Sources, 2003-13; 12. Actual and Projected Payments to the Fund, 2003-13; Annexes; I. Fund Relations; II. IMF-World Bank Relations; III. Statistical Issues; Attachment; I. Letter of Intent

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

ISBN:

9786613729644

9781462305117

1462305113

9781452796949

1452796947

9781280888335

1280888334

9781451876284

1451876289

OCLC:

930799323