Albania Fifth and Sixth Review under the Extended Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Albania

Background: In February 2014, the Executive Board approved a three-year Extended Arrangement with access equivalent to SDR 295.42 million (492.4 percent of quota). So far, four purchases totaling the equivalent of SDR 123.1 million have been made, and another one equivalent to SDR 57.76 million will...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Albania 
653 |a Revenue administration 
653 |a Public debt 
653 |a Industries: Energy 
653 |a Public finance & taxation 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Debt 
653 |a Exports and Imports 
653 |a Arrears 
653 |a International economics 
653 |a International Lending and Debt Problems 
653 |a Debts, External 
653 |a External debt 
653 |a National Government Expenditures and Related Policies: General 
653 |a Expenditure 
653 |a Sovereign Debt 
653 |a Macroeconomics: Production 
653 |a Corporate governance; role & responsibilities of boards & directors 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Expenditures, Public 
653 |a Macroeconomics 
653 |a Tax administration and procedure 
653 |a Taxation 
653 |a Public Finance 
653 |a Revenue 
653 |a Petroleum, oil & gas industries 
653 |a Production and Operations Management 
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520 |a Background: In February 2014, the Executive Board approved a three-year Extended Arrangement with access equivalent to SDR 295.42 million (492.4 percent of quota). So far, four purchases totaling the equivalent of SDR 123.1 million have been made, and another one equivalent to SDR 57.76 million will be made available upon completion of the fifth and sixth reviews. Recent Economic Developments: Economic recovery is underway, but growth remains below potential and inflationary pressures are limited. Nonperforming loans (NPLs) have started declining but are still high, and credit growth remains sluggish despite substantial monetary easing