Albania Staff Report for the 2016 Article IV Consultation, Seventh Review Under the Extended Arrangement, and Request for Waiver of Applicability and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Albania

This paper presents an overview of recent economic developments, outlook, and risks of the Albanian economy. Over the past few years, Albania has successfully maintained macroeconomic stability amid a turbulent external environment. A sizable fiscal consolidation is underway, and public debt is proj...

Full description

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
LEADER 02835nmm a2200589 u 4500
001 EB001309181
003 EBX01000000000000000893793
005 00000000000000.0
007 cr|||||||||||||||||||||
008 161223 ||| eng
020 |a 9781475519426 
245 0 0 |a Albania  |b Staff Report for the 2016 Article IV Consultation, Seventh Review Under the Extended Arrangement, and Request for Waiver of Applicability and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Albania 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 120 pages 
651 4 |a Albania 
653 |a Inflation 
653 |a Revenue administration 
653 |a Public debt 
653 |a Public finance & taxation 
653 |a Currency; Foreign exchange 
653 |a Deflation 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Computer Programs: Other 
653 |a Debt 
653 |a Data Collection and Data Estimation Methodology 
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 Sovereign Debt 
653 |a Price Level 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Expenditures, Public 
653 |a Prices 
653 |a Macroeconomics 
653 |a Banking 
653 |a Econometrics & economic statistics 
653 |a Statistics 
653 |a Public Finance 
653 |a Revenue 
710 2 |a International Monetary Fund  |b European Dept 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9781475519426.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2016/142/002.2016.issue-142-en.xml?cid=43938-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a This paper presents an overview of recent economic developments, outlook, and risks of the Albanian economy. Over the past few years, Albania has successfully maintained macroeconomic stability amid a turbulent external environment. A sizable fiscal consolidation is underway, and public debt is projected to start decreasing in 2016. However, growth remains sluggish due to a weak euro area recovery and risk-averse banks. The policy mix focuses on fiscal adjustment, while supporting growth through gradual monetary easing. The key policy priorities are to lower fiscal vulnerabilities through continued consolidation, revive private sector credit by cleaning up bank balance sheets, and continue implementing growth-friendly structural reforms