Prospects for faster, more sustainable economic growth and higher living standards in Albania rely on increasing employment opportunities for all. By maintaining the current structure of labor participation, Albania is not capitalizing on its educated young population, as less than half (45.5...

The Public Expenditure and Financial Accountability (PEFA) assessment aims to provide the government of Albania with an objective up-to-date diagnostic of the national public financial management (PFM) performance based on the latest PEFA methodology. The assessment establishes a new PEFA...

The Public Expenditure and Financial Accountability (PEFA) assessment aims to provide the government of Albania with an objective up-to-date diagnostic of the national public financial management (PFM) performance based on the latest PEFA methodology. The assessment establishes a new PEFA...

Albania's labor markets improved between 2014 and 2016 where more people than before found jobs and unemployment rates fell. However, many challenges remain to channel the jobless into jobs. Efficient and effective public employment services aimed at fostering successful job matching can make a...

This report is based on a study of the costs and savings of retail payments in Albania using a methodology (A Practical Guide for Measuring Retail Payment Costs) developed by the World Bank's Payment Systems Development Group, part of the Financial Inclusion, Infrastructure, and Access at the...

This report aims to provide policy makers in Albania with new evidence to inform the design and implementation of public policies on post-secondary education, vocational education and training (VET) system labor market information and intermediation, and labor policies. The STEP Employer Survey...

Despite being the backbone of the Albanian economy, micro, small and medium sized enterprises(MSMEs) face difficulties in accessing finance which impedes their growth. MSMEs in Albania aresignificant contributors to the economy. In 2016, MSMEs comprised 99.9 percent of active enterprises and 81...

This report presents the World Bank and Islamic Development Bank, collectively the Banks, teams' review and assessment of Albania country procurement and contract implementation CPCI), including for projects and civil works contracts financed by the Banks. This report focuses on the most...

The insurance industry in Albania is relatively new. Prior to 1991, there were no insurance companies operating in the country. The insurance industry has been undergoing critical changes during the last decade. The life market in Albania is small, and still dominated by credit life insurance....

Albania's remarkable economic transformation has been affected by the global financial crisis. The country's main challenges include maintaining macro-fiscal and financial sector sustainability, improving the investment climate and unleashing private sector growth, removing barriers to...