This paper discusses key findings of the fiscal transparency evaluation for Albania. Many of the fundamental elements of fiscal transparency are now in place. The budget clearly shows the government's forecasts of revenue and its plans for spending and for financing the deficit. The budget is...

This Technical Assistance report on Albania focuses on: compiling and disseminating flow-based monetary and financial statistics (MFS) for the central bank, other depository corporations (ODCs), and other financial corporations (OFCs); compiling and disseminating quarterly financial accounts by...

Despite robust GDP growth, projected at 4 percent in 2018, inflation remains below its 3 percent target. The fiscal deficit has stabilized around 2 percent of GDP, implying a modest gradual reduction in public debt, which remains high at close to 70 percent of GDP. Monetary policy was relaxed...

Growth was strong in 2018, backed by high electricity production. Inflation remains subdued, notwithstanding very accommodative monetary conditions. The fiscal stance in 2018 was somewhat tighter than expected, supporting a further decline in public debt. The medium-term economic outlook is...

This Technical Assistance Report discusses several tax administration issues and high-level recommendations for the reform agenda. The General Directorate of Taxes (GDT) continues to make good progress in modernizing its administration of the taxation system. A program to consolidate some core...

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...

This paper discusses Albania's Ninth and Tenth Reviews under the Extended Arrangement and Proposal for Post-Program Monitoring. All performance criteria were met, although of the three indicative targets were missed by a narrow margin. Eleven structural benchmarks were also implemented. Over the...

This paper discusses First Post-Program Monitoring Discussions in 2018 with Albania. The Albanian economy has continued to strengthen, with real GDP growth at 3.8 percent (year-over-year) during 2017, reflecting strong domestic demand driven by a revival in construction, recovery in the labor...