IMF Issues Mission Statement For Albania In March 2018; Asks For More Reforms

Based on Article IV of the Article of Agreements of IMF, during March 2018, an IMF mission visited Tirana, with the aim of evaluating economic developments for the Post-Program Monitoring (PPM) discussions. Albania, which has been a member of the IMF since 1991, has received substantial IMF credit. The PPM process commences after the expiration of these programs, with a special focus on vulnerabilities and risks.

The statement issued by the mission emphasized the stability of the macroeconomic and political environment in Albania. It deemed financing conditions to be extremely favorable as inflation and interest rates remain very low. The GDP growth of 3.9% in 2017 and the estimated growth of 3.7% in 2018 make Albania the fastest growing...