The IMF Board of Directors approved an eighth review of the agreement with
Albania, making way for the next loan, a 35.9 million EUR installment.
According to IMF, the government has fulfilled all objectives by making probress with the structural reform agenda.
“The economic growth is getting solid, supported by large investments in energy and by the gradual growth of internal demand”, says the IMF.
The IMF says that the inflation is getting back in very low levels, but crediting is still low, with bad loans creating problems.
The board of directors recommends authorities to preserve the current course of policies by consolidating public finances and the monetary policy, as the most adequate mixture for supporting the economic growth.
He encourages the government to improve the fiscal administration and deepen structural reforms in order to reduce public debt. According to the board, a property tax based on its value and a solidified financial management is critical to consolidate the achievements reached so far.
Even this time IMF has reiterated their recommendations to reduce bad loans, which, according to them, is necessary to revive crediting and economic growth.
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