Albania’s debt remains high, but Moody’s gives B1 evaluation for stable perspective
27/09/2018 22:05
400 apartments are given to citizens in Vora amid reconstruction after the 2019 earthquake 04/05 21:11
A few days before the government announced a 500 million EUR loan from international markets, Moody’s confirmed the B1 evaluation for Albania’s public debt, considering it with a stable perspective.
“The B1 evaluation is supported by the country’s visible progress in reinforcing the institutions. Besides that, Albania’s economic growth is expected to remain solid at 4% even during the next two years”.
The international giant of financial evaluation has also listed the weaknesses that condition public finances:
“The public debt in 2017 was 70%. This level remains higher than in other similar countries. However, the expectancies are that the debt will keep getting lower each year”.
Albania’s public debt reached its peak in 2015, going up to 73.7% of the GDP. After 2015, the debt has dropped and it is expected to down to 68.9%.
Moody’s says that the further lowering of the debt and reinforcement of public institutions would lead to the improvement of Albania’s public finances. If the government would deviate from the debt-reduction policy, the evaluation would be negative.
Top Channel
