Albania Eighth Review Under the Extended Arrangement and Request for Modification of Performance Criteria-Press Release and Staff Report

This paper discusses Albania’s Eighth Review Under the Extended Arrangement and Request for Modification of Performance Criteria . All performance criteria at the end of April 2016 were met with comfortable margins, and good progress has been made on the structural reform agenda. The economic recove...

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
Description
Summary:This paper discusses Albania’s Eighth Review Under the Extended Arrangement and Request for Modification of Performance Criteria . All performance criteria at the end of April 2016 were met with comfortable margins, and good progress has been made on the structural reform agenda. The economic recovery is strengthening, supported by large energy-related investments and a gradual recovery in domestic demand. The current account deficit is widening owing to import-intensive foreign direct investment. Inflation is recovering from very low levels, although underlying inflation pressure remains weak. The IMF staff supports the completion of the Eighth Review under the Extended Arrangement
Physical Description:61 pages
ISBN:9781475532807