Albania : 2018 First Post-Program Monitoring Discussions-Press Release and Staff Report.

This paper discusses First Post-Program Monitoring Discussions in 2018 with Albania. The Albanian economy has continued to strengthen, with real GDP growth at 3.8 percent (year-over-year) during 2017, reflecting strong domestic demand driven by a revival in construction, recovery in the labor market...

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Bibliografske podrobnosti
Korporativna značnica: International Monetary Fund. European Dept
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2018.
Serija:IMF Staff Country Reports; Country Report ; No. 2018/123
Online dostop:Full text available on IMF
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520 3 |a This paper discusses First Post-Program Monitoring Discussions in 2018 with Albania. The Albanian economy has continued to strengthen, with real GDP growth at 3.8 percent (year-over-year) during 2017, reflecting strong domestic demand driven by a revival in construction, recovery in the labor market and household credit, and large energy-related foreign direct investment projects. Although the public-debt-to-GDP ratio declined, the pace of fiscal consolidation has slowed post-program, with arrears accumulating. Despite the favorable environment and positive short-term outlook, risks and vulnerabilities remain, emanating from high public debt, non-performing loans in the financial sector, and weaknesses in public institutions and the judicial system. 
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